To declare dividend payment and the annual general meeting

Translation March 16, 1998 Subject : To inform the Board of Directors' resolution No.3/1998 To : Director and Manager Stock Exchange of Thailand The Board of Directors meeting of Siam Makro Public Company Limited No. 3/1998 held on March 19, 1998, during 9.00 - 11.00 a.m. and has resolved the following matters :- 1.)The meeting unanimously approved that the Company declare dividend payment of Baht 204,000,000 accounted for 40.3% of the net profit before the reserve fund, being Baht 0.85 per share and such declaration should be proposed to the shareholders' Annual General Meeting No. 5 for approval. 2.)The Annual General Meeting No. 5 shall be held on April 24, 1998 at 3.00 p.m. at Morakot Room, The Emerald Hotel. No. 99/1 Rachadapisek Rd., Din Daeng Subdistrict, Din Daeng District, Bangkok Metropolis. 3.)The Company's share register book shall be closed on April 7, 1998 at 12:00 hours until the Annual General Meeting No. 5 is over. This will enable the Company to determine the right of the shareholders who are entitled to attend the Annual General Meeting No. 5 and to receive dividend to be declared by the Company. Yours faithfully, Siam Makro Public Company Limited