-Translation- AIS 314/2002 August 9, 2002 Subject : Notification of the Resolutions of the Board of Directors' Meeting No. 6/2002 in respect of providing source of fund and omission of interim dividend payment To: The President The Stock Exchange of Thailand The Board of Directors' Meeting of Advanced Info Service Public Company Limited ("the Company") No. 6/2002, held on August 9, 2002, at 2.00 p.m. at the Board Room, 20th Floor, Shinawatra Tower I, Phaholyothin Rd., Samsennai, Phayathai, Bangkok 10400, resolved the matters as follows: 1. Adopted the Minutes of the Board of Directors' Meeting No. 5/2002 held on July 16, 2002. 2. Approved the Company's balance sheets, profit and loss statements, and cash flow statements for the second quarter of the year 2002,ended June 30, 2002. 3. Whereas the Board of Directors' Meeting no. 5/2002 held on July 16, 2002 had passed the resolutions in respect of seeking the appropriate financing requirement alternatives for the capital expenditure and working capital expense. The Company has analyzed various financing instruments and has the conclusion that under the uncertainties of current capital market and money market environment, fund raising through debenture issuance or straight debt are the most suitable for the Company due to excess liquidity in the market coupled with the capacity of the financial institution to lend the money very beneficial for the Company to achieve a low cost financing. However, the offer for sales of convertible debentures or warrant is still subject to a lot of uncertainties in the market which may make it less attractive than debenture issuance or borrowing straight debt. The Board of Director has resolved the matters as follows: 3.1 Approved the cancellation of the issuance and the offer for sale of debentures and/or convertible debentures 3.2 Approved the cancellation of the issuance and offer for sale warrants to purchase ordinary shares of the Company 3.3 Approved the cancellation of the allocation of 220 million newly-issued shares to accommodate the conversion of convertible debentures and/or the exercise of warrants to purchase ordinary shares, causing the Company remains 2,051,000,000 authorized but unissued shares. 3.4 Approved the borrowing money of the Company not exceeding the amount of Baht 10,000 million or its equivalent in any other currencies by entering into loan agreements or issuing financial instrument(s) or borrowing money in other forms. In addition, the Company has assigned Mr. Somprasong Boonyachai or Mrs. Siripen Sitasuwan or the Executive Committee or persons assigned by the Board of Directors or the Executive Committee have authority to determine any condition and other details necessary for and pertinent to the borrowing of money of the Company, negotiate and agree with respect to any conditions and other details relating to the borrowing of money of the Company including the authority to take any actions necessary for and pertinent to the borrowing of money of the Company. In case that the Company has repaid loans under item 3.4 of this agenda, and/or the total outstanding loans has not been fulfilled in an amount of Baht 10,000 million or its equivalent in any other currencies. The Company will be entitled to borrow additional money but not exceeding Baht 10,000 million or its equivalent in any other currencies. 4. Approved omission of interim dividend payment for the operation period of January 1, 2002 June 30, 2002, The Company will consider for dividend payment of the year 2002. Please be informed accordingly, Sincerely yours, -Signed- Mr. Somprasong Boonyahcai Director Advanced Info Service Public Company Limited Compliance Department Tel. 0-2299-5206, 5221 Page 1 of 2