-Translation- AIS 119/2002 March 26, 2002 Subject: Notification of the Resolutions of the Board of Directors' Meeting in respect to the issuance and offering of warrants to directors, employees and, advisors of the Company. To: President The Stock Exchange of Thailand The Board of Directors of Advanced Info Service Public Company Limited (the "Company") at the meeting No. 3/2002 held on March 26, 2002 at 4.00 p.m. at the Board Room, 20th Floor, 414, Phaholyothin Road, Samsennai, Phayathai, Bangkok 10400, resolved the matters as follows: 1. Certified the Minutes of the Board of Directors' Meeting No.2 /2002 held on February 28, 2002; 2. Approved the issuance and offering of 14,000,000 warrants to directors, employees, and advisors whose are eligible to be allocated and the subrogated securities purchaser. The list of all directors to be allocated warrants and employees and advisors of the Company to be allocated warrants in the amount exceeding 5 percent of warrant to be issued and offered, is as follows: Name Number of % of Total Allocated Warrants Warrants 1. Mr. Somprasong Boonyahcai 1,471,800 Units 10.51 2. Ms. Yingluck Shinawatra 1,250,000 Units 8.93 3. Mrs. Suvimon Kaewkoon 1,197,800 Units 8.56 4. Mr. Vikrom Sriprataks 1,128,600 Units 8.06 5. Mr. Songsak Premsuk 1,040,400 Units 7.43 3. Acknowledged the date of the issuance and offering the warrants to directors, employees and advisor of the Company determined by the Executive Committee as the resolutions of the shareholders' meeting of the Company. The issuance and offering the warrants shall be made on the day after the Board of Directors passes the resolutions, which is on March 26, 2002. Therefore, date of the issuance and offering the warrants is March 27, 2002 and the exercise price is the closing price of the Company's shares traded on the Stock Exchange of Thailand on March 26, 2002. Please be informed accordingly. Respectfully Yours, -Signed- Mrs. Siripen Sitasuwan Director Advanced Info Service Public Company Limited