Resolutions of BOD on the interim dividend payment (Revised)

-Translation from Thai Text-



                                           5 June 2006


Re:   Resolutions of the Board of Directors on the interim
      dividend payment (Revised)

To:   The President
      The Stock Exchange of Thailand

Pico (Thailand) Public Company Limited ("Pico") would like to further inform
that the payment of interim dividend will pay from the profit earned of the
operating results for 6 months of the second quarter ended April 30, 2006

Pico would like to inform the Stock Exchange of Thailand of the following
resolutions passed by the Board of Director Meeting No. 3/2006, which was held
on Friday, 2nd June 2006 from 18.00 -19.00 hrs.

The meeting approved the payment of interim dividends from the profits earned
from the operating results for 6 months of the second quarter ended April 30,
2006 to the Company's shareholder which named in the shareholder register book
on 19th June 2006 at 12.00 noon.  The dividend would be paid at the rate of
Baht 0.17 per share for the total eligible shares of 114,999,980 shares,
totaling Baht 19,549,996.60 (Nineteen million five hundred forty nine thousand
nine hundred ninety six baht and sixty stang).  The payment of the interim
dividends is scheduled on 30th June 2006.

Please be informed accordingly.


                                  Sincerely yours,

                                    -Signature-
                               (Mr. Pised Chungyampin)
                                     Director
                     Pico (Thailand) Public Company Limited