Declaration of Divident payment 2004 and AGM date of STECON

ST 010/2005/0034 10th March, 2005 Subject : Report on Resolutions of the Board of Directors Meeting No. 2/2005 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. 2/2005 during 10.45 hours - 12.30 hours on March 10, 2005. 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, 2004 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, 2004 and to propose the same to the Annual General Meeting of Shareholders for approval. 3. Approval of the appropriation of profit and declaration of dividends payment for 2004 at the rate of 6 Satang (Six Satang) per share to the Company' s shareholders and to propose the same the Annual General Meeting of Shareholders for approval. 4. Acknowledgment that Mr. Vallop Rungkijvorasathien, Mr. Woraphant Chontong, Mr. Masthawin Charnvirakul and Mrs. Sanongnuch Charnvirakul will retire as directors by rotation at the Annual General Meeting of Shareholders and to propose the shareholders consider reappointing four retiring directors as the Company's directors for an additional term. 5. Approval of 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 2005 with the remuneration of Baht 1,170,000 (One Million One Hundred and Seventy Thousand Baht) per annum and to propose the same to the Annual General Meeting of Shareholders for consideration and approval. 6. Approval of the remuneration of the Directors and Audit Committee for 2005 and to propose the same to the Annual General Meeting of Shareholders for consideration and approval. 7. Convening the Annual General Meeting of Shareholders No. 11/2005 and to close the Company's share register book in order to determine which shareholders are eligible to attend the shareholders meeting and to receive the dividend payment as follows: 7.1 The Annual General Meeting of Shareholders No. 11/2005 will be convened at 10.30 hours on April 28, 2005, 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. 10/2004 and the Extraordinary Meeting of Shareholders No. 1/2004; (2) To approve the Board of Directors' report on the Company's Operating Results for the year ending as of December 31, 2004 and the Annual Report for 2004; (3) To consider the Balance Sheet and Profit and Loss Statements for the fiscal period ending December 31, 2004; (4) To consider the appropriation of profit and declaration of dividends payment for 2004; (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 2005 and fixing of the auditor's remuneration; (7) To consider fixing the Remuneration of Directors and Audit Committee for 2005; (8) Other business (if any). 7.2 To determine which shareholders are eligible to attend the shareholders meeting and to receive the dividend payment, the Company will close the Share Register Book on April 8, 2005 at 12.00 hours until the meeting is adjourned. 8. Approval of the issuance of short term Bill of Exchange at the amount of not more than Baht 1,000,000,000 (One Billion Baht) to specific person according to the notification of the Securities and Exchange Commission. It is therefore, informed for your acknowledgment and dissemination to the public and other investors. Sincerely yours, Sino-Thai Engineering & Construction Plc. (Mr. Vallop Rungkijvorasathien) Managing Director