DEDARE DIVIDEND AND SET ANNUAL GENERAL MEETING

The Board of Directors meeting of Siam Makro Public Comapny Limited No.3/1998 held on March 19,1998, during 9.00-11.00 a.m. and has resolved the following matter :- 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 declarating should be proposed to the shareholder's Annual General Meeting No.5 for approval. 2.) The Auunal Genernal Meeting No.5 shall be hold 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 17, 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.