MCOT Public Company Limited 63/1 Rama IX Road, Huaykwang Bangkok 10310 Thailand Phone +66 (0) 2201 6000 Fax +66 (0) 2245 1435 E-mail Contact@mcot.net Ref: MCOT/ 6153/1028 March 25, 2010 The Stock Exchange of Thailand Attn: The President Re: Notification on the name of additional Director retiring by rotation and the determination of remuneration and meeting allowances of Directors for the year 2010 Dear Madam, We, MCOT Public Company Limited, have organized the Board of Directors' Meeting No. 4/2010 on March 25, 2010 at 13.30 hrs. at the Meeting Room, 6th Floor, MCOT Administration Building, 63/1 Rama IX Road, Huay Kwang Sub-District, Huay Kwang District, Bangkok 10310. The Board of Directors resolved to assign the Nomination and Remuneration Committee to select a qualified nominee to be appointed as Director to replace one additional Director retiring by rotation to make a total number of 4 Directors retiring by rotation or one-third of the total number of 13 Directors. The Nomination and Remuneration Committee's Meeting, No. 3/2010 on March 25, 2010, at 18.00 hrs. resolved as follows: 1. Approved to propose Mr. Nathi Premrasmi to the 2010 Annual General Shareholders' Meeting to consider his appointment as Director. Therefore, the name list of nominees for Directors approved by the Board of Directors to be proposed to the 2010 Annual General Shareholders' Meeting is as follows: 1) Mr. Jaturong Panyadilok 2) Mr. Wittayatorn Tokaew 3) Mr. Somboon Muangklam 4) Mr. Nathi Premrasmi 2. Approved the determination of the Directors' remuneration and monthly allowances for the year 2010 and bonus for the year 2009 to be proposed to the Annual General Meeting of Shareholders, the details of which are as follows: 2.1 Directors' remuneration and monthly allowances for the year 2010 Meeting Allowances Committees /Sub- Remuneration (presence in committees (Monthly) the meetings only) 1. The Board of Directors 10,000 Baht 15,000 Baht/ (If appointed during any (Chairman Month period of a month, the receives calculation of 30,000 Baht/ remuneration shall be month) proportional to the length of their appointment in such month.) 2. The Audit Committee 10,000 Baht 5,000 Baht/ Month 3. The Nomination - 10,000 Baht/ Committee Month -2- Meeting Allowances Committees /Sub- Remuneration (presence in committees (Monthly) the meetings only) 4. The Remuneration - 10,000 Baht/ Committee Month 5. The Corporate - 10,000 Baht/ Governance Committee Month 6. The Risk Management - 10,000 Baht/ Committee Month 7. The Corporate - 10,000 Baht/ Relations Month Committee 8. Sub-committees and 10,000 Baht Working Groups Other /month than No.1-7 (Only - Directors appointed by Board of Directors) Any Company's Directors appointed to perform duties in more than 2 committees, sub-committees or working groups other than the Board of Directors (but including No.2-8) shall receive meeting allowances from only two committees The Chairman and Vice Chairman shall receive additional 25% and 12.5 % of monthly remuneration and meeting allowances, respectively. 2.2 Directors' Bonus for year 2009 - Directors shall receive 170,350 Baht per person - Chairman shall receive additional 25% of the Directors' Bonus - Vice Chairman shall receive additional 12.5% of the Directors' Bonus The bonus payout shall be proportional to each Director's length of tenure. 2.3 Directors' Bonus for year 2010 Bonus for the Company's Directors in 2010 Not more than 0.25% of the net profit and not Directors' Bonus more than 500,000 Baht/ Director In case that MCOT receives less than 3.00 points in the state enterprise performance measurement, the bonus for Directors will be adjusted as follows: Less than 3.00 but not less than 2.50 points: the bonus for - Directors shall be reduced by 25%/Director Less than 2.50 but not less than 2.00 points: the bonus for - Directors shall be reduced by 50%/Director Sincerely yours, (Mr. Thanachai Wongthongsri) Vice President Company Secretary Office MCOT Public Company Limited Authorized to sign on behalf of the company Company Secretary Office Tel. 0 2201 6388, 02 201 6454 Fax 0 2245 1854