Translation AIS-CP 020/2008 February 19, 2008 Re: Notification of the Resolutions of the Board of Directors' Meeting No. 2/2008. To: The President The Stock Exchange of Thailand Attachment: 1. Capital Increase Report Form Advanced Info Service Plc. ("the Company") would like to inform the resolution of the Board of Directors' Meeting No. 2/2008, which is held on February 19, 2008 at the Board Room, 20th floor, Shinawatra 1 Tower, 414 Paholyothin Road, Samsennai, Payathai, Bangkok 10400 as the following matters: 1. Certified the Minutes of the Board of Directors' Meeting No. 1/2007 held on January 23,2008. 2. Approved the balance sheet, statement of income and cash flow statements for the fiscal year ended December 31, 2007. 3. Resolved to propose to the 2008 Annual General Meeting of shareholders to approve the dividend payment for the Company's second half operating results (July 1 - December 31,2007) to shareholders at Baht 3.30 per share. Therefore, the Company's dividends payment for the entire year 2007 will be Baht 6.30 per share including an interim dividend payment of Baht 3.00 per share, which was paid on 10 September 2007. The closing date of register book to determine the right to receive dividends will be on April 21, 2008, at 12.00 noon and the dividend payment date will be on May 8, 2008. 4. Resolved to propose to the 2008 Annual General Meeting of shareholders to approve the re-appointment of retiring directors, appoint new director, designate authorized signatory, and determine the directors' remuneration for 2008 as details below; 4.1 The retiring directors due to cease of their terms are as follows: - Mr. Paiboon Limpaphayom (Ph.D.) Chairman of the Board of Directors and Independent Director - Mr. Vasukree Klapairee Director - Mr. Vikrom Sriprataks Director - Ms. Nidchanun Santhavesuk Director The Board of Directors will propose to the 2008 Annual General Meeting of shareholders to re-election of Mr. Paiboon Limpaphayom, Mr. Vasukree Klapairee and Mr. Vikrom Sriprataks as directors for another term as well as propose Mr. Hubert Ng Ching-Wah to replace Ms. Nidchanun Santhevesuk who does not wish to be reelected for final approval in the 2008 Annual General Meeting of shareholder. 4.2 Amendment of the designate authorized signatory to be; "Mr. Somprasong Boonyachai, Mr. Vikrom Sriprataks, and Mr. Suphadej Poonpipat, two out of these three directors sign collectively with the Company seal affixed". 4.3 The Remuneration Committee proposed the directors' remuneration for the fiscal year 2008 for not exceeding of Baht 15,000,000 (Baht 15 million). This will be proposed in the 2008 Annual General Meeting of shareholders for approval. 5. Resolved to propose to the 2008 Annual General Meeting of shareholder to approve the program for the issuing and offering of debt instruments as details below: 5.1 The additional amount of debt instruments shall not exceed Baht 14,000,000,000 (Baht 14 billion). 5.2 The issuing and offering of debt instruments as specified above and the total amount of other types of loan procurement (if any) in each year shall not exceed the amount of loan procurement stipulated by the Board of Directors in each year. In 2008, The Board of Director has approved the total loan procurement for the Company for the total of not exceeding Baht 10,000,000,000 (Baht 10 billion). 5.3 The Company may offer the debt instruments to the public and/or institutional investors and/or specific investors in Thailand (either in whole or in part) and/or outside Thailand in accordance with the relevant notifications of the Office of the Securities and Exchange Commission and may be offered in the same set or several sets at the same time or several times. 5.4 The Company may issue additional debt instruments in an amount equal to the debt instruments which have been redeemed or repurchased by the Company. 5.5 The Company has empowered the Executive Committee or person who is empowered by the Board of Directors and/or the Executive Committee ("Attorney") to be the authorized person to proceed with the issuing and offering the debt instruments including to perform all other tasks that the Attorney deems necessary or desirable for the purpose of facilitating or implementing the issuing and offering of the debt instruments including but not limited to making decisions and carrying out other acts relating to hedging transactions (whether in whole or in part) in order to protect any risk arising from fluctuation of interest rate and/or currency exchange rate. 6. Approved the allotment of 1,300,000 additional ordinary shares, at the par value of Baht 1 each, from the remaining 2,010,993,609 shares unallocated shares to be reserved for exercising the right in pursuance of the ESOP warrants due to entering into the terms and conditions of the Prospectus. Regarding the dividends payments of the company for 2007, the Company has approved dividends payments in excess of 50% of net profit after income tax. This has affected the exercise price and exercise ratio of warrants to purchase the Company's ordinary shares,which were offered to directors and employees of the Company (ESOP) as stated in the Prospectus. The ESOP warrant holders' rights shall not be decreased. The Company, therefore, will allot the additional shares to be reserved for the new exercise ratio of ESOP adequately. (See Attachment 1) 7. Approved the holding of the 2008 Annual General Meeting of shareholders on April 10, 2008 at 10.00 a.m. at the Auditorium Room, 9th Floor, Shinawatra Tower 3, Viphavadee Rangsit Road, Chatuchak, Bangkok. The agenda to be considered and approved in the meeting are as follows; Agenda 1 Matters to be informed; Agenda 2 To certify the Minutes of the 2007 Annual General Meeting of Shareholders held on April 25, 2007; Agenda 3 To consider and certify the results of operation for 2007; Agenda 4 To approve the balance sheet, statement of income and statement of cash flow for fiscal year ended December 31, 2007; Agenda 5 To approve the program for the issuing and offering of debt instruments by the Company; Agenda 6 To approve the dividend payment for the fiscal year 2007; Agenda 7 To approve the re-appointments of retiring directors, the appointment of new director, and the designate authorized signatory; Agenda 8 To approve the directors' remuneration for 2008; Agenda 9 To approve the appointment of the Company's auditors and determine the auditors' remuneration for the year ended 2008; Agenda 10 To approve the allotment of the additional ordinary shares,at par value of Baht 1 each, reserved for exercising the right in pursuance with the ESOP warrants due to the entering into terms and conditions of the Prospectus. Agenda 11 To consider other matters (if any) The Company will close the share register book to determine the shareholders who are eligible to attend and vote in the 2008 Annual General Meeting of Shareholders from March 20, 2008 at 12.00 noon until the 2008 Annual General Meeting of Shareholder is adjourned. Please be informed accordingly Best Regards, -Signed- Mr. Vikrom Sriprataks Director Advanced Info Services Plc. 3