NOTIFIES BOARD'S RESOLUTIONS & SUBSIDIARY'S JOINT INV

Electricity Generating Plc. (EGCOMP) said its board of directors resolved on February 27, 1997, at the meeting no. 2/1997, to approve the company's audited balance sheets and profit/loss statements as at December 31, 1996, as well as to seek approval at shareholders' general meeting for a dividend payment of Bt2/share. Besides, the board also passed the following resolutions: 1. To hold shareholders' general meeting no. 1/1997 on April 29, 1997 to consider following agenda issues: 1) To certify minutes of general shareholders' meeting no. 1/1996, held on March 26, 1996 2) To certify board's annual report on company's business in the past year and future plans 3) To approve balance sheets and prfit/loss statements as at December 31, 1996 4) To approve annual profit allocation and dividend payment 5) To appoint directors to succeed those completing their terms, and to set director remuneration 6) To appoint auditor and to fix remuneration 7) To approve a warrant allocation to directors of the company and its subsidiaries, who are also in employee status, in the second year of the 5-year program, following resolutions made at extraordinary shareholders' meeting no. 1/1995, held on August 22, 1995 8) To consider other issues (if any) 2. To pay dividend on May 22, 1997 3) To close the registration book at noon of April 8, 1997 until the shareholder' general meeting no. 1/1997 is over, so as to give rights to shareholders for participation in the shareholders meeting and for receiving dividend EGCOMP added that Egco Engineering & Service Co., Ltd., 99.99% EGCOMP holding stakes, had dealt joint venture agreement with John Wood Group Holding Co., Ltd. and Mr.Pichit Diyawuthiroj on February 28, 1997.This is to establish Egcoh Wood Co., Ltd. with Bt20 million registered capital split into 2 million shares, Bt10 each par value, the shareholding proportion as shown below: Egco Engineering & Service Co., Ltd. 45% John Wood Goup Holding Co., Ltd. 45% Mr.Pichit Diyawuthiroj 10% Expectedly, that joint venture firm would start opration to repair some equipment in generating plant at Rayong Province in May this year and would finish in October, 1997. The value of this project recorded at Bt60 million. Egco Engineering & Service Co., Ltd., however, was assigned to monitor and check gas turbile apparatus of National Petrochemical Plc and would start the operation on March 3 - April 1, 1997.