NOTIFICATION ON RESOLUTIONS OF AGM NO. 10

(Translation) April 24, 2003 Subject : Notification on Resolutions of Annual General Shareholders' Meeting No.10 (after conversion into a public company limited) To : Director and Manager Stock Exchange of Thailand Pursuant to Annual General Shareholders' Meeting No.10 (after conversion into a public company limited) of Siam Makro Public Company Limited held on April 24, 2003 during 3.00 - 4.30 p.m., at Monthathip Room of Radisson Hotel Bangkok, No. 92 Rama 9 Road, Bangkapi Subdistrict, Huay Kwang District, Bangkok Metropolis, Thailand, the following resolutions have been adopted: 1. Confirmation of the Minutes of Annual General Shareholders' Meeting No. 9 (after conversion into a public company limited) held on April 29, 2002. 2. Approval of the audited balance sheets, statements of income, statements of changes in shareholders' equity, statements of cash flows and the report of the auditor of Siam Makro Public Company Limited and its subsidiaries as of December 31, 2002. 3. Confirmation of the report of the Company's Management regarding the Company's business activities and the payment of interim dividend on 8 July 2002. 4. Re-election of Mr. Prasert Jarupanich, Mr. Francisco Henrique Passos Fernandes, Mr. Chavalit Uttasart and Mrs. Boonsin Srilertchaipanich as the Directors for another term and Mr. Chavalit Uttasart remain in the position of the Audit Committee in the appointment term, and fix of the remuneration of the Company's Directors for the year 2003 except Mr. Antonio Carlos Pereira Melo, Mrs. Suchada Ithijarukul, Mrs. Boonsin Srilertchaipanich, Mr. Francisco Henrique Passos Fernandes and Mr. Eric Felix Maria Van Peer in the amount of not exceeding Baht 5,000,000 per year. 5. Approval on the declaration of the dividend payment being Baht 3.50 per share, totalling 240,000,000 shares in the amount of Baht 840,000,000 and the dividend payment date is on May 20, 2003. The reserve fund as at 31 December 2002 is up to Baht 240,000,000 being equal to 10% of registered capital, the Company, therefore, is not required to set aside more legal reserve. 6. Appointment of Mr. Prasan Chuaphanich, Certified Public Accountant (Thailand) No. 3051, Ms. Nangnoi Charoenthaveesub, Certified Public Accountant (Thailand) No. 3044, and Mr. Somchai Jinnovart, Certified Public Accountant (Thailand) No. 3271 of PricewaterhouseCoopers ABAS Limited as the Company's auditors, any one being authorized to conduct the audit and express an opinion on the annual financial statements of the Company for the fiscal year ended on December 31, 2003. In the absence of the above-named auditors, PricewaterhouseCoopers ABAS Limited is authorized to identify the other Certified Public Accountant with PricewaterhouseCoopers ABAS Limited to carry out the work and the auditing fee to be determined by the Audit Committee. 7. Approval of the amendment of Clause 3 of the Company's Memorandum of Association from having the objectives in the number of 30 clauses to be 32 clauses. Details of the proposed increase of the 2 new objectives are as follows: "(31) To engage in the business of trading of scale, balance, measure equipments including parts and apparatus of such goods. (32) To engage in the business of the bakery factory." There is no further business. Please be informed accordingly. Very truly yours, Siam Makro Public Company Limited Signature (Charoen Assawajarukasem)