Form for Report on Capital Increase (F53-4)

(F53-4) Form for Report on Capital Increase Sino-Thai Engineering & Construction Public Company Limited April 7, 2005 We, Sino-Thai Engineering & Construction Public Company Limited (the "Company") are pleased to report the resolutions of Board of Directors Meeting No. 3/2005 held on April 7, 2005 at 10.30 hours to 11.00 hours, concerning the increase of capital and allotment of new shares as follows: 1.Capital Increase The Board of Directors Meeting has resolved to increase its 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. The totaling capital increase will be Baht 160,000,000. 2.Allotment of New Shares The details of allotment The Board of Directors Meeting has resolved to allocate 160,000,000 ordinary shares, at the nominal par value of Baht 1 each, totaling Baht 160,000,000. The details are as follows: Allocate to Private Placement Number of shares 160,000,000 shares Ratio - Sale price pershare (Baht) (1) To propose to the shareholders in the Extraordinary General at the Annual General Meeting of Shareholders to consider empowering the Executive Committee or any person entrusted by the Executive Committee to determine the said matters. (2) The offering price shall not be lower than 90 percent of the market price of the Company's share (3) The offer of shares for sale shall be completed within 12 months after the approval by the shareholders (4) The offer of shares shall be made at one time or several times based upon the money market and capital market situation in order to obtain the highest advantage to the Company Time & Date of - Subscription and Payment Remarks - 3.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. 4.Objectives of the Capital Increase and the Use of Increased Capital The Company has the additional projects. Therefore, the Company needs to increase its capital. The additional capital shall be used in business operation as the working capital. 5.Benefits to the Company The additional capital shall be used for opportunities in the future regarding additional business operation. 6.Benefits to the Shareholders The Company will have the additional working capital which received from the increase of capital and this will create opportunities in the future regarding additional business operations. This will also create an opportunities to generate consideration in term of dividends to shareholders in the future. The Company certifies that the information provided above is correct and accurate in all respects. Signature ................................. the Authorized Director (Mr. Vallop Rungkijvorasathien) President