Report on Capital Increase

ST.010/2005/0045 7th April, 2005 Subject : Report on Resolutions of the Board of Directors Meeting No. 3/2005 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. 3/2005 during 10.40 hours - 11.00 hours on April 7, 2005. The Company would like to report the resolutions adopted at the said meeting as follows: 1. Approval of the increase of registered capital from existing registered capital of Baht 1,190,250,000 to Baht 1,350,250,000 by issuing 160,000,000 new ordinary shares at the par value of Baht 1 and the allocation of newly issued shares under the private placement and to propose the same to the Annual General Meeting of Shareholders for consideration. 2. Approval of the amendment of Clause 4. of the Company's Memorandum of Association in order to be consistent with the increase of capital and to propose the same to the Annual General Meeting of Shareholders for consideration as follows: Clause 4. The Registered Capital: 1,350,250,000 Baht Divided into: 1,350,250,000 Shares Par Value per share: 1 Baht Ordinary Shares : 1,350,250,000 Shares Preferred Share : -none- It is therefore, the company will propose to the shareholders in the Extraordinary General Meeting of shareholders, please be informed for your acknowledgment and dissemination to the public and other investors. Sincerely yours, Sino-Thai Engineering & Construction Plc. (Mr. Vallop Rungkijvorasathien) President