Subject: Notification of resolutions of the 2008 AGM of Shareholders No.39

To: The President The Stock Exchange of Thailand

Univanich Palm Oil PCL held Annual General Meeting No. 39 on 25th April 2008 at 9.00 hours, at Pinnacle 4-5 4th Fl., Intercontinental Bangkok Hotel, 973 Ploenchit Road, Patumwan, Bangkok. Upon commencement of the meeting 99 shareholders attended the meeting with 63,527,470 share in aggregate which is equal to 67.58% The meeting resolved as follows:-

1. To ratify the minute of the Annual General Meeting of Shareholders No.38 held on 20th April 2007.

2. To approve the Annual Report of the Board of Directors for the financial year 2007.

3. To approve the audited Balance Sheet and the Statement of Profit and Loss for the year ending 31st December 2007.

4. To pay a final dividend of Baht 1.50 per share to 94,000,000 ordinary shares held at the closing date of the share register at 12.00 hours on 4th April 2008. Payment is proposed to be made by 23rd May 2008. Combined with the interim dividend of Baht 2.50 per share paid in September and December 2007, the total dividend payments from 2007 profit will be Baht 4.00 per share, totaling Baht 376,000,000.00.

5. To approve the re-election of Mr. Apirag Vanich, Mr. John Harvey Clendon, Dr.Prote Sosothikul and Mr. Tanate Phutrakul 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 Mr. Prasit Yuengsrikul, Certified Public Accountant (Thailand) No.4174 of PricewaterhouseCoopers ABAS Limited as the Company’s auditors for 2008 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 1,075,000.00 and audit for profit per BOI certificate Baht 42,500.00 was approved.

8. To amend the Company’s Memorandum of Association clause 3 regarding Objectives No. 19 as follows:- (19) To sell electricity produced from biomass or biogas.

 

Please be informed accordingly.
Yours sincerely,

 

(Anucha Supakorn)
Commercial Manager