Subject: Notification of resolutions of the 2007 AGM of Shareholders No.38

To: The President The Stock Exchange of Thailand

Univanich Palm Oil PCL held Annual General Meeting No. 38 on 20th April 2007 at 9.00 hours, at the Platinum, 1st Fl., Intercontinental Bangkok Hotel, 973 Ploenchit Road, Patumwan, Bangkok. The meeting resolved as follows:-

1.To ratify the minute of the Annual General Meeting of Shareholders No. 37 held on 28th April 2006.

2.To approve the Annual Report of the Board of Directors for the financial year 2006.

3.To approve the audited Balance Sheet and the Statement of Profit and Loss for the year ending 31st December 2006.

4.To pay a final dividend of Baht 1.50 per share to 94,000,000 ordinary shares held at the closing of the share register at 12.00 hours on 2nd April 2007. Payment is to be made by 18th May 2007. Combined with the interim dividend of Baht 1.25 per share paid in September 2006, the total dividend payments from 2006 profit will be Baht 2.75 per share, totaling Baht 258,500,000.00

5.To approve the election of Mrs Anchalee Tephabutra and the re-election of Ms Aungkhana Vanich and Mr Suchad Chiaranussati to be the Company’s Directors.

6.That remuneration of the Board of Directors will remain unchanged from the previous year.

7.To appoint Mrs. Suwannee Bhuripanyo, Certified Public Accountant (Thailand) No. 3371 or Mr Vichien Khingmontri, Certified Public Accountant (Thailand) No. 3977 or Mrs. Anothai Leekitwattana, Certified Public Accountant (Thailand) No. 3442 of PricewaterhouseCoopers ABAS Limited as the Company’s auditors for 2007 financial year, being authorized to conduct the audit and express an opinion on the annual financial statements of the Company. In the absence of the above-named auditors, PricewaterhouseCoopers ABAS Limited is required to identify one other Certified Public Accountant with PricewaterhouseCoopers ABAS Limited to carry out the work. The Auditor’s remuneration of Baht 995,000.00 was approved.

8.To add the Company’s Memorandum of Association and Objectives as follows:-

Memorandum of Association:
Clause 3. (To increase the number of objectives from 18 to 20)

Objectives:
To add
(19) To sell electricity generated from biomass or biogas.
(20) To sell emission reduction credits generated from biomass or biogas energy projects, as defined by the United Nations Framework Convention on Climate Change.

Please be informed accordingly.

Yours faithfully,

(John Clendon)
Managing Director