04/07/2003 08:56 ADVANC : Resolution of Debenture Holders Meeting -Translation- AIS 0195/2546 July 4, 2003 Re: Notification of the Debenture Holders Meeting's Resolution on an amendment of the terms and conditions of debentures of Advanced Info Service Public Company Limited To: The President The Stock Exchange of Thailand According to Advanced Info Service Public Company Limited (the "Company") held the debenture holders' meeting on July 2, 2003 at Sofitel Central Plaza Bangkok, in order to amend the terms and conditions of the Company's debentures. The Company has been informed by the Company's debenture registrar that the debenture holders' meeting has resolved to approve the amendment of Clause 5.2.2 of the terms and conditions of the Company's debentures. The resolution is that the Company can pay dividends to shareholders over 40% but not more than 70% of net profit of year 2003, 2004 and 2005, under conditions as follows; 1. Debt to Equity Ratio (after deduction of dividend payment) must not over 1.5 : 1. 2. The Company is rated from TRIS Rating Company Limited at not less than "AA-". Provided that, if the Company makes any default payment of the principal or interest of its debentures otherwise whether any installments. The Company cannot pay any dividends to its shareholders. Please be informed accordingly, Yours sincerely, -Signed- Mrs. Siripen Sitasuwan Director Advanced Info Service Public Company Limited Compliance Department Tel. 0-2299-5561