Resolutions of BOD no.1/09 regaring the AGM 2009

- Translation from Thai Text-

January 13, 2008

Re:Resolutions of the Board of Directors Meeting No. 1/2009 regarding the Annual General Meeting of Shareholders for the year 2009

To:President of the Stock Exchange of Thailand

Pico (Thailand) Public Company Limited would like to inform the resolutions passed by the Board of Directors Meeting No. 1/2009 on January 12, 2009 at 4:00 p.m. to the Stock Exchange of Thailand as follows:

1.Resolved to approve the audited balance sheet and the profit and loss statement for the year ended October 31, 2008

2.Resolved to call the Annual General Meeting of Shareholders for the year 2009 on Monday, February 16, 2009 at 10:00 a.m. at Pico (Thailand) Public Company Limited Building, No. 10 Soi Lasalle 56, Sukhumvit 105 Road, Bangna District, Bangkok 10260 with the agenda as follows:

Agenda1
To approve the minutes of the Extraordinary General Meeting of shareholders No. 1/2008

Agenda2
To acknowledge the report of Board of Directors and operating results for the year 2008

Agenda3
To adopt balance sheets and the statement of income for the year ended October 31, 2008

Agenda4
To consider and approve allocation of profit for the year 2008 for distribution of legal reserve and dividend to shareholders the Boards resolved to approve the distribution of dividend for the year 2008 at the rate of Baht 0.38 per share, of which 0.20 Baht per share was paid as 1st interim dividend on 4 July 2008. The 2nd interim dividend of Baht 0.18 per share was paid on 9 January 2009.

Agenda5
To consider and approve election of directors in replacement of those who are retired by rotation

Agenda6
To consider and approve appointment of auditors and fix his/her remuneration for the year 2009

Agenda7
To consider and approve the directors' remuneration for the year 2009

Agenda8
To acknowledge the interim dividend payment as approved by the Boards of Directors on December 12, 2008

Agenda9
Other businesses (if any)

3.Resolved to schedule the shareholder register book for the right to attend the Annual General Meeting of Shareholders for the year 2009 shall be recorded on January 27, 2008. On January 28, 2008 shall be the book closing date on which the shareholder list as specified in section 225 of the Securities and Exchange Act shall be complied.

 

Please be informed accordingly, and kindly disseminate the information herein to the public investors.

 

Sincerely yours,

 

- Signature -

(Mr. Silchai Kiatpapan)
Chief Executive Officer

 

 

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