ANNUAL GENERAL MEETING AND DIVIDEND PAYMENT

Translation February 27, 2001 Subject : To inform the Board of Directors' resolution No.1/2001 To : Director and Manager Stock Exchange of Thailand The Board of Directors' Meeting of Siam Makro Public Company Limited No. 1/2001 held on February 27, 2001 made the following resolutions: - 1. The Company declare dividend payment of Baht 420,000,000 representing 40.9% of the net profit for the year. Dividend per share is Baht 1.75 and such declaration of dividend be proposed to the shareholders' Annual General Meeting No. 8 for approval. 2. The Annual General Meeting No. 8 be held on April 5, 2001 at 3.00 p.m. at Monthathip Room, Radisson Hotel Bangkok. No. 92 Soi Saengcham, Rama 9 Road, Huay Kwang, Bangkok 10320. 3. The Company's share register book be closed on March 16, 2001 at 12:00 hours until the Annual General Meeting No. 8 was over so that the Company could determine the right of the shareholders who would be entitled to attend the Annual General Meeting No. 8 and to receive dividend to be declared by the Company. Please be informed accordingly. Yours faithfully, Siam Makro Public Company Limited Signature (Suchada Ithijarukul) Director