ACC.009/47 31 March 2004 President The Stock Exchange of Thailand 62 Rachadapisek Road, Klongtoey Bangkok 10110 Subject : The Resolutions of the AGM. Master Ad PLC (MACO or the Company) would like to inform the Resolution of the 2004 Annual General Meeting held on 30 March 2004 as follows; 1) Endorsed the Minutes of the AGM No.1/2003 held on 20 February 2003 2) Approved the 2003 Annual Report of the Board of Directors. 3) Approved the Company Audited Balance Sheet as of 31 December 2003 and Income Statement ended 31 December 2003. 4) Approved the profit allocation for legal reserve at the amount of 3,254,251.65 Baht and omitted the dividend payment for the fiscal year 2003 for future investment according to the business plan. 5) Appointed Grant Thornton Thailand Co.,Ltd. by Mrs.Sumalee Chokede-anun CPA no.3322 as the company's Auditor for the year 2004 at the audit fee 630,000 Baht 6) Re-elected the retired directors as directors for another term. They are Mr.Phiched Maneerattanaporn, Mr.Vichit Dilokvilas and Mr.Parames Rachaiboon Also set the remuneration budget for all directors at not more the 1,800,000 Baht Yours sincerely, Master Ad PLC (Noppadon Tansalarak) President & CEO (Phiched Maneerattanaporn) Director