The Resolution of the AGM of Shareholder 2007

26 April 2007

Subject: To report the resolution of the Annual General Meeting of Shareholders Year 2007

To: The Director and Manager The Stock Exchange of Thailand

The Board of Director of L.P.N. Development Public Co., Ltd. held the Annual General Meeting of Shareholders year 2007 on Thursday 26 April 2007 at 14.00 hours at the Seminar Room of L.P.N. Development Public Company Limited, Lumpini Tower Building, 11th Floor, No. 1168/7, Rama IV Road, Khwaeng Thungmahamek, Khet Sathorn, Bangkok and resolved the following agenda :

Agenda 1 The Meeting adopted the Minutes of the AGM of Shareholders Year 2006 held on 25 April 2006.

Agenda 2 The Meeting acknowledged the report of the Company's 2006 Annual Operations

Agenda 3 The Meeting approved the Balance Sheets and Profit and Loss Statement for the Year ended 31 December 2006.

Agenda 4 The Meeting approved dividends payment from profit allocation of the operation results of 2006 at the rate of Baht 0.26 per share for total amount of 1,475,698,768 Shares (One thousand four hundred seventy five million six hundred ninety eight thousand seven hundred and sixty eight shares) amounting Baht 383,681,679.68 (Three hundred Eighty Three million Six hundred Eighty One Thousand Six hundred and Seventy Nine Baht Sixty Eight Satang ). However, on September 8, 2006 the company paid the interim dividend (six months operating performance) at 0.08 Baht (Eight Satang) per share or equivalent to 118,055,901.44 (One Hundred Eighteen Million, the remaining yearend dividend at 0.18 Baht or equivalent to 265,625,778.24 (Two Hundred Sixty Five Million Six Hundred Twenty Five Thousand Seven Hundred and Seventy Eight Baht Twenty Four Satang). The dividends will be paid on 9 May 2007. Approval on to allocation to the legal reserve of Baht 39,000,000 (Thirty Nine Million Baht Only).

Agenda 5 The Meeting approved the re-election of Directors namely

Mr. Pichet Supakijjanusan

Mr. Kumpee Chongthurakit,

Mr. Tirachai Panchasarp,

Mrs.Jongjit Thanpanangkun,

Mr. Thep Roongtananpirom

Agenda 6 The Meeting approved the director's remuneration for 2007of Bath 6,480,000 (Six million Four hundred and Eighty thousand Baht Only) and the director's reward from the operation results of 2006 Baht 2,887,500 (Two million Eight Hundred and Eighty Seven Five Hundred Baht Only) which shall be allocated by Board of Directors according to their responsibilities.

Agenda 7 The Meeting approved the appointment of Mrs. Vilairat Rojnuckarin, CPA no.3104 or Mrs. Suvimol Krittayakiern, CPA no. 2982 of Office of DIA International Auditing as the Company's 2007 auditors and approved their remunerations of Baht 810,000 (Eight hundred and ten thousand Baht Only).

Agenda 8 There is no other matter.

 

Yours sincerely

Opas Sripayak
Managing Director