Advanced Info Service Plc (ADVANC) resolved in its Board of Directors' meeting held in January 9, 1997 at 15.00 O'clock as follows: 1. The board cancelled resolution reached in 1/1995 Board of Directors' meeting held in January 19, 1995, 3rd session, concerning issuance of unsecured debentures of amount not over US$100 million or Bt2,500 million offered to foreign investors the whole amount. 2. The board resolved to issue debentures as the following details. Amount: Not over Bt4,000 million or equal in other currencies. Type of debenture: Unsecured debenture Redeemable period: Not over 10 years since the issuing date. Offer: Offer domestically and/or internationally to general public and /or institutional investors for the whole amount or part of it, and can be offered at once or several times. The requirements and other conditions of debenture such as number, par value, market value, interest rate, appointment of trustee, allocation method, offering details, including opening account for the money to be received from debentures will be under the consideration of the Board and /or appointed person from the board to be determined later. 3. The board considered appropriate to give authority to the executive board to determine details concerning debenture issuance stated in 2. such as amount of debenture, selling price, maturity date, and other conditions. 4. The board specified the agenda of the extraordinary shareholders' meeting no. 1/1997 as follows: 1) Reports on issues for acknowledgement 2) Certification for the minutes of the annual general shareholders' meeting as of 1996, held on April 29, 1996. 3) Cancellation of the resolution previously made for the 3rd agenda issue of the extraordinary shareholders' meeting no. 1/1995 on February 23, 1995, concerning issuance of unsecured debentures worth not more than US$100 million for offering entirely to foreign investors. 4) Issuance and offering of unsecured debentures worth not exceeding Bt4 billion and/or at an equivalent value in other currency. 5) Other issues (if any). 5. The board scheduled the date for 1/1997 shareholders' extraordinary meeting for February 13, 1997 at 9.00 am. in the conference room on 19th floor of Shinawatra Tower 1, 414 Paholyothin Rd., Sam Sen Nai, Phyathai, Bangkok 10400. The closing date of the registration book was set for January 24, 1997, at noon, until the meeting ends.