Information on the resolutions adopted at the AGM 2007

- Translation -

February 16, 2007

Subject : Information on the resolutions adopted at the AGM 2007

To : President The Stock Exchange of Thailand

Pico (Thailand) Co. Ltd. (Public) would like to inform the Stock Exchange of Thailand ("SET") of the resolutions adopted at the Annual General Meeting 2007 held on February 16, 2007 between 10.30 - 12.30 hrs. as follows:

1. Approval of the minutes of the Annual General Meeting 2006

2. Acknowledgement of Directors' Annual Report and the operating results for the year ended 31 October 2006.

3. Approval of the balance sheets and the profit and loss statements for the fiscal year ended 31st October 2006, which have been audited and certified by the company's auditor.

4. Acknowledgement of resolution of Boards of Directors Meeting No. 3/2006 which held on June 2, 2006 for the to shareholders whose names appear on the share register book as of June 19, 2006 at the rate of 0.17 Baht per share total amount of Baht 19.55 million. The dividend was paid on June 30, 2006.

Approval of final payment of dividend shall be payable to the shareholders whose names appear on the share register book as of January 29, 2007 at 12.00 hrs.at the rate of 0.20 Baht per share, total amount of Baht 22.99 million. The final dividend payment will be paid on February 28, 2007. The total dividend for 2006 is 0.37 Baht per share in total amount of Baht 42.55 million.

Appropriation of the profits to the legal reserve was Baht 3.56 million.

5. Approval of the additional directors' remuneration on special bonus of Baht 1 million for the Company's performance of 2006 which would be allocated among the directors themselves.

6. Approval of auditor and fixing the remuneration. To appoint Deloitte Touche Tohmatsu Jaiyos Audit Co., Ltd., by Ms. Nachalee Boonyakarnkul and/or Mr.Niti Jungnitnirundr and/or Ms. Vipavee Boonyaprasit, certified public accountant licenses nos. 3126, 3809 and 3096 respectively, to be an auditor of the Company for 2007 and to fix his/her remuneration at 2,040,000 Baht max a year, and if the above mentioned auditors are not able to work, Deloitte Touche Tohmatsu Jaiyos Audit Co., Ltd. will be required to provide other auditors of the company to replace them.

7. Approval of election of directors in place of those retiring by rotation. The retiring directors, namely, Mr. Pised Chungyampin, Mr. Silchai Kiatpapan and Miss Nitida Thamasoontra were reelected to be director for another term.

8. Approval of directors' remuneration 2007 to the amount not exceeding Baht 6,000,000 per year with the allocation to be decided by the directors themselves.

Please be informed accordingly.

Respectfully yours,

(Signed) - Signature -

(Mr. Pised Chungyampin)
Director
Pico (Thailand ) Public Co., Ltd.