CHANGE OF THE COMPANY'S DIRECTOR

(Translation) May 29, 2001 Subject : Notifying the Resolutions of the Board of Directors No. 4/2001 To : Directors and Manager Stock Exchange of Thailand The Board of Directors' Meeting of Siam Makro Public Company Limited No. 4/2001 held on 28 May 2001 made the following resolutions: 1. The meeting unanimously approved the resignation of Mr. Arnold Maria Leo Tobac from the positions of the Company's Director, President and Vice Chairman of the Board of Directors, due to his retirement with effective date as from 1 July 2001 and appointing Mrs. Suchada Ithijarukul, one of the Company's directors, as President and Vice Chairman of the Board of Directors of the Company to replace Mr. Arnold Maria Leo Tobac, and 2. Approved the redesignation of the authorized directors as follows: "Number of directors whose signatures bind the Company are Mr. Arsa Sarasin, Mr. Jacob Cornelio Adriano de Jonge, Mr. Prasert Jarupanich, Mrs. Suchada Ithijarukul and Mrs. Boonsin Srilertchaipanich, any two of these five directors may jointly sign with the Company's seal affixed." Please be informed accordingly. Your faithfully, Siam Makro Public Company Limited Signature (Charoen Assawajarukasem) SET Coordinator Manager