RESOLUTIONS OF THE BOARD OF DIRECTORS MEETING NO. 4/2002

Our Ref: ST/2002/0292 19th June 2002 Subject : Report on Resolutions of the Board of Directors Meeting No. 4/2002 To : irectors and Manager of the Stock Exchange of Thailand Whereas the Board of Directors of Sino-Thai Engineering & Construction Public Company Limited convened the Board of Directors Meeting No.4/2002 during 10.15 hours to11.35 hours on June 18, 2002. The Company would like to report the resolutions adopted at the said meeting as follows: 1. Approval of the amendment of the Par Value of Shares from Baht 10 to Baht 1 and the amendment of Clause 4 of Memorandum of Associations as follows: The Registered Capital 1,020,000,000 Baht Divided into 1,020,000,000 Shares Par Value per share 1 Baht Ordinary Share 980,000,000 Shares Preferred Share 40,000,000 Shares 2. Convening the Extraordinary Meeting of Shareholders No. 2/2002 at 10.00 hours, on July 23, 2002 at the conference room of Sino-Thai Engineering & Construction Public Company Limited, No. 32/57 Sino-Thai Tower, 27th Floor, Sukhumvit 21 Road (Soi Asoke), Kwaeng Klongtoey Nua, Khet Wattana, Bangkok Metropolis. The matters to be transacted at the meeting are:- (1) The amendment of the Par Value of Share and Clause 4 of the Company's Memorandum of Association; and (2) Other business (if any). To determine which shareholders are eligible to attend the shareholders meeting the Company will close the Share Register Book on July 3, 2002 at 12.00 hours until the meeting is adjourned. We therefore, inform you of the above for your acknowledgment and dissemination to the public and other investors. Yours sincerely, Sino-Thai Engineering & Construction Pcl. (Mr. Anutin Charnvirakul) President G2-E-stecon-bod4-02