28 February 2005

Resolutions of BOD2/2005

Ref: MCOT/ 6104 (1) /581 February 25, 2005 The Stock Exchange of Thailand Attn: The President Re: Resolutions of the Board of Directors Meeting No. 2/2005 MCOT Public Company Limited Dear Sir: We, MCOT Public Company Limited have organised a meeting of the Board of Directors No. 2/2005 on February 25 2005 at 2.00 p.m. at the Meeting Room 6 th Floor, MCOT Broadcasting Operations Building 63/1 Rama IX Road Huay Kwang Sub District Huay Kwang District Bangkok 10310. The Meeting has resolved the following matters: 1. The Meeting approved the Company s Balance Sheet for the period between 1 October and 31 December 2004. 2. The Meeting approved a Baht10 million loan with the annual interest rate of MLR 5.75% to Panorama Worldwide Company Limited its subsidiary,for enhancing its subsidiary s ability to accommodate the increasing amount of work. The monthly payments of principal of Baht 500,000 and interest shall commence in June 2005. 3. The Meeting approved the Company s organisational restructuring as shown in the table below. Position Number of Positions Number of Positions Before Restructuring After Restructuring Executive Vice President 4 8 Vice President 9 18 Department Chief 24 47 Sincerely yours, (Mr. Thanachai Wongthongsri) Chief, Corporate Law Department MCOT Public Company Limited