- Translation - AIS 0255/1999 November 23, 1999 Re : Clarification of the Resolution of the Board of Directors Meeting in respect of the issuance of Bond To : President Stock Exchange of Thailand The Board of Directors Meeting of Advanced Info Public Company Limited. (AIS) held on November 23rd, 1999 at 4.00 p.m. at the Board Room, 20th fl., 414 Shinawatra Tower Phaholyothin Rd., Samsennai Phayathai Bangkok 10400, passed the following resolution: 1. Upon the resolution of the Board of Director Meeting No. 6/2540 held on September 11, 1997, in respect of item 3, the issuance of Baht 5,000 Million Unsecured Bond has been approved. Currently, the Company has outstanding balance of Baht 1,500 Million. The remaining amount of Baht 3,500 Million have not been issued. Therefore, the Meeting has resolved to cancel such Baht 3,500 Million. 2. Approval of the issuance and offer for sale of Unsecured Bond to the investors to an amount not exceeding Baht 10,000 Million and/or equivalent in other currencies subject to the following terms and conditions : 2.1 Amount of Bonds issued to an amount not exceeding Baht 10,000 Million and/or equivalent in other currencies. 2.2 Type of Bond Unsecured Bond. 2.3 Maturity not exceeding 10 years from the date of issue. 2.4 Offerings offered domestically and/or internationally to the public and/or institutional investors in whole or in part which could be single or multiple offering. 2.5 Special conditions In the case that there has been a bond redemption, within the amount approved, the Company can replace it with an additional bond of the same nature and under the conditions and amounts given hereabove. Additional restrictions and conditions of the Bond, such as, face value, offered price per unit, interest rate, appointment of Bond holders' representatives, allocation method, offering details, early redemption, an account to be established to receive the proceeds from the sale of the Bond, and listing in one or more of the securities exchange markets shall be considered and decided by the Executive Committee and/or person assigned by the Board of Directors. 3. Approval of convening the Extraordinary General Meeting of Shareholders No. 3/1999 on December 22, 1999 at 10.00 a.m. at the Auditorium, 19th Floor Shinawatra Tower I, 414 Phaholyothin Rd., Samsennai, Phayathai, Bangkok subject to the following agendas : Agenda 1 Matter to be informed Agenda 2 Approval of Minutes of the Extraordinary General Meeting of Shareholders No. 2/1999 dated September 24, 1999 Agenda 3 Approval of the cancellation of the Bond as approved by the Extraordinary General Meeting of Shareholders No. 2/1997 dated October 16, 1997, particularly in respect of the unsold Baht 3,500 Million Agenda 4 Approval of the issuance and offer for sale of Unsecured Bond at the amount of not exceeding Baht 10,000 Million or equivalent to other currencies Agenda 5 Other matters (if any) 4. The shares registration book of the Company shall be closed for designating the rights of shareholders to attend and vote in the meeting as from 12.00 noon of December 8, 1999 until the meeting adjourned. Yours faithfully, - Signed - (Mr. Somprasong Boonyachai) Director Advanced Info Services Plc.