DECLARATION OF THE NON-ISSUE OF YEAR END DIVIDENDS AND THE A

Our Ref ST 2001 0141 March 27 2001 Subject Report on Resolutions of the Board of Directors Meeting No 2 2001 To The President 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 2001 during 10 00 hours 11 30 hours on March 27 2001 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 Companys Operating Results for the year ending December 31 2000 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 2000 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 2000 and submitting the matter to the Annual Shareholders Meeting for acknowledgement 4.Acknowledgment that Mrs Tassanee Charnvirakul Mr Kierte Eiamsakulrat Mr Songkram Cheevaprawatdomrong Mr Chamni Janchai Mr Chaipol Horungruang and Police Major General Jate Mongkolhutthi will retire as directors by rotation at the Annual General Meeting of Shareholders and to propose that the shareholders consider reappointing the persons named above as directors of the Company for an additional term and to propose the shareholders that Mr Chamni Janchai Mr Chaipol Horungruang and Police Major General 5.The appointment of Ernst & Young Office Limited as auditor of the Company for 2001 and the remuneration of the auditor will be submitted to the shareholders for consideration. 6.Proposal that the shareholders meeting consider fixing the remuneration of the Board of Directors and Audit Committee for 2001 7.Convening the Annual General Meeting of Shareholders No 7 2001 and to close the Companys share register book as follows 7.1 The Annual General Meeting of Shareholders No 7 2001 will be convened at 13 30 hours on April 26, 2001, at the conference room of Sino-Thai Engineering & Construction Public Company Limited, No 32/60 Sino-Thai Tower 27th 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. 6 1999 and the Minutes of the Extraordinary Meeting of ShareholdersNo 1 2001 2 To approve the Board of Directors report on the Companys Operations as of December 31 2000 and the Annual Report for 2000 3 To consider the Balance Sheet and Profit and Loss Statements for the fiscal period ending December 31 2000 4 To consider the appropriation of profit and declaration of dividend payment 5 To consider the appointment of new directors in place of those retiring by rotation 6 To consider the appointment of the Companys Auditor for 2001 and fixing the auditors remuneration 7 To consider the approval of the Remuneration of Directors and Audit Committee for 2001 8 Other business (if any) 7.2The Company will close the Share Register Book on April 11 2001 at 12 00 hours until the meeting is adjourned. Eligible shareholders may exercise their right to attend the Annual General Meeting of Shareholders It is therefore informed for your acknowledgment and dissemination to the public and other investors. Yours sincerely Sino-Thai Engineering & Construction Pcl Mr Anutin Charnvirakul President