NAMES AND SCOPE OF PERFORMANCE OF THE AUDIT COMMITTEE

Translation F 24-1 Form for Report on Names of Members and Scope of Performance of the Audit Committee The Board of Directors meeting of Siam Makro Public Company Limited No. 5/1999 held on 16 November 1999 passed a resolution appointing the Audit Committee with the following details: 1. Name of Members of the Audit Committee are as follows: Chairman of the Audit Committee Mr. Athaporn Khaimarn Member of the Audit Committee Mr. Chavalit Uttasart Member of the Audit Committee Mr. James Stent Secretary to the Audit Committee Mrs. Suchada Ithijarukul Certificates and Resumes of 3 members of the Audit Committee are attached hereto. 2. The Audit Committee of the Company has the scope of duties and responsibilities, and shall report to The Company's Board of Directors as follows: 1. To review the Company's financial reporting process to ensure accuracy and adequacy; 2. To ensure that the Company has suitable and efficient internal control system and internal audit; 3. To review the performance of the Company to ensure compliance with the securities and exchange law, regulations of the SET or laws relating to business of the Company; 4. To consider, select, nominate and recommend remuneration of the Company's external auditor; 5. To review the disclosure of information of the Company in case of connected transaction or transaction that may lead to conflict of interest to ensure the accuracy and completeness; 6. To prepare a report on monitoring activities of the Audit Committee and disclose it in an annual report of the Company, and have such report signed by the chairman of the Audit Committee ; and 7. To perform any other act as assigned by the Board of Directors with approval of the Audit Committee. 3. Terms for holding office: 3.1 Chairman of the Audit Committee be effective as from 16 November 1999 and be expired on the date of the 9th Annual General Meeting of Shareholders to be held in the year 2002. 3.2 Members of the Audit Committee be effective as from 16 November 1999 and be expired on the date of the 9th Annual General Meeting of Shareholders to be held in the year 2002. The Company hereby certifies that the aforementioned members meet all the qualifications prescribed by the Stock Exchange of Thailand. Signed Director (Mr. Arnold Maria Leo Tobac) Signed Director (Mrs. Suchada Ithijarukul)