THE RESOLUTION OF THE BOARD OF DIRECTOR NO.8/2000

EGCO310/386 Date: July 31, 2000 Attn : The President of the Stock Exchange of Thailand Subject : The resolutions of the Board of Director No. 8/2000 The Board of Directors of Electricity Generating Public Company Limited (EGCOMP) at its meeting No. 8/2000 held on July 31, 2000 passed the following resolutions 1. To approve in principle to sell 70 % stakes in both EGCO Mining Co., Ltd. and EGCOM Tara Co., Ltd. , the non- core business, on the condition that EGCOMP will gain good return since EGCOMP would like to focus on investing in core business and withdraw non-core business from its investment. 2. To approve the signing of Joint Development Agreement (JDA) in developing Nam Thern 2 Hydro Power project and authorize the Executive Committee to scrutinize and approve the details of such JDA. Nam Thern Hydro Power Project will install 980 MW capacity and its estimated project cost will be US$ 1,500,000,000. EGCOMP will consequently report the progress of its implementation to the Stock Exchange of Thailand. In addition, EGCOMP will add Investor Resource page in its web site and the investors will be able to access the data at www.egco.com. Yours sincerely, Sitthiporn Ratanopas Managing Director