DECLARE NO DIVIDEND PAYMENT / NOTICE FOR AGM OF SHAREHOLDER

ST/010/2003/0005 4th March, 2003 Subject : Declare no dividend payment and notice for Annual General Meeting of Shareholder To : Directors 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. 1/2003 during 10.30 hours - 12.00 hours on March 4,2003. The Company would like to report the resolutions adopted at the said meeting as follows: 1. Approval of the Board of Directors' report on the Company's Operating Results for the year ending December 31, 2002 and to propose the same to the Annual General Meeting of Shareholders for consideration. 2. Approval of the Balance Sheet and Profit and Loss Statement for the fiscal period ending December 31, 2002 and to propose the same to the Annual General Meeting of Shareholders for approval. 3. Approval of the non-issue of year end dividends for 2002 and to propose the same the Annual General Meeting of Shareholders for approval. 4. Acknowledgment that Mr. Chavarat Charnvirakul, Police General Sanong Wattanavrangkul, Ms. Anilrat Charnvirakul and Mr. Thanathip Vidhayasirinun will retire as directors by rotation atthe Annual General Meeting of Shareholders and to propose that the shareholders consider reappointing Mr. Chavarat Charnvirakul, Police General Sanong Wattanavrangkul and Mr. Thanathip Vidhayasirinun asdirectors of the Company for an additional term. 5. The appointment of Mr. Narong Puntawong C.P.A. License No. 3315 and/or Mr. Ruth Chaowanagawi C.P.A. License No. 3247 and/or Mr. Suphachai Panyawattano C.P.A. License No. 3930, all of Ernst & Young Office Limited as auditors of the Company for 2003 and the remuneration of the auditor will be submitted to the Annual General Meeting of Shareholders for consideration. 6. Proposal that the Annual General Meeting of Shareholders consider fixing the remuneration of the Directors and Audit Committee for 2003. 7. Convening the Annual General Meeting of Shareholders No. 9/2003 and to close the Company's share register book as follows: 7.1 The Annual General Meeting of Shareholders No. 9/2003 will be convened at 10.00 hours on April 22, 2003, at the Company's conference room No. 32/60 Sino-Thai Tower, 30th Floor, Sukhumvit 21 Road (Soi Asoke), Kwaeng Klongtoey Nua, Khet Wattana, Bangkok. The matters to be transacted at the meeting are:- (1) To approve the Minutes of the Annual General Meeting of Shareholders No. 8/2002 and the Extraordinary Meeting of Shareholders No. 2/2002; (2) To approve the Board of Directors' report on the Company's Operating Results for the year ending as of December 31, 2002 and the Annual Report for 2002; (3) To consider the Balance Sheet and Profit and Loss Statements for the fiscal period ending December 31, 2002; (4) To consider the non-issue of year end dividends for 2002; (5) To consider the appointment of new directors in place of those retiring by rotation; (6) To consider the appointment of the Company's Auditor for 2003 and fixing of the auditor's remuneration; (7) To consider fixing the Remuneration of Directors and Audit Committee for 2003; (8) Other business (if any). 7.2 To determine which shareholders are eligible to attend the shareholders meeting, the Company will close the Share Register Book on April 3, 2003 at 12.00 hours until the meeting is adjourned. It is, therefore, informed for your acknowledgment and dissemination to the public and other investors. Sincerely yours, Sino-Thai Engineering & Construction Plc. (Mr. Woraphant Chonthong) Senior Vice President Finance & Accounting