ACC.001/48 28 February,2005 President The Stock Exchange of Thailand 62 Rachadapisek Road, Klongtoey Bangkok 10110 Subject: The Resolutions of the Board of Director's Meeting No.1/2005 The Master Ad PLC (Maco or the Company) held the board of director's meeting No.1/2005 on Monday 28 February 2005 and passed the following resolutions 1. The distribution of dividend payment on the net profit of October- December 2004 is proposed to the Annual General Meeting of Shareholders for consideration at the rate of Baht 0.24 per share total amount of dividend is Baht 30 million during the year 2004, the company has payment of an interim dividend,depend on the net profit of January-September 2004, to the Shareholders at the rate of 0.40 Baht per share total amount of dividend is Baht 50 million Therefore,all the year 2004, the total amount of dividend is Baht 80 Million. 2. Set the date for the AGM (Annual General Meeting) on Friday 22 April 2005 at 14:00 hr. This meeting will take place at the Salon B room, 2 Floor, Merchant Court Hotel, Le Concorde Building, 202 Rachadapisek Huaykwang, Bangkok, 10320. consider the following agenda ; Agenda 1 To review and endorse the Minutes of the AGM No.1/2004 Agenda 2 To acknowledge and approve the 2004 Annual Report of the Board of Directors Agenda 3 To review and approve the Company Audited Balance Sheet as of 31 December 2003 and income Statement ended 31 December 2004 Agenda 4 To review and approve the profit allocation for legal reserve and the dividend payment for the fiscal year 2004. Agenda 5 To appoint the Auditor and determine the auditor's remuneration for the year 2004 Agenda 6 To consider and elect the new directors in place of those retired by rotation and to determine the directors' remuneration. Agenda 7 Other matter (if any) 3. The date of closing the company share registered book for the right to right attend the meeting and received the dividend will be on Monday 4 April, 2005 at 12.00 hours until the meeting has been duly convened and also the right to dividend will be specified on Monday 4 April,2005. Please acknowledge the above matter. Yours sincerely, Master Ad PLC. Noppadon Tansalarak President & CEO Tawat Meeprasertskul Director