Appointment Of New Director Audit Com. And Independent Director

Subject:Appointment of new director audit committee and
        independent director

To :    President
        Stock Exchange of Thailand

Enclosure:A copy of the form of notifying names and duties and
          responsibilities of the Audit Committee (Form F 24-3)


The Board of Directors Meeting of Pico (Thailand) Public Company Limited
No.5/2005 held on 17 November 2005 from 12.00-13.00 hours passed resolutions
as follows;

Appointing Mrs. Sasitorn Phongsathorn as a member of the Board of Directors,
the member of Audit Committee and Independent Director (in replace Assistant
Professor Teerayout Wattanasupachoke, Ph.D.) effective on November 17, 2005.


Please be informed accordingly


                                             Yours faithfully,
Company's seal

                                               -Signature-
                                         (Mr. Pised Chungyampin)
                                         Chief Executive Officer
                             Pico (Thailand) Public Company Limited