- Translation –

Ref. CNT/SET/004/2010 Date : 8 March 2010

Re Resolutions of the Board of Directors Meeting No. 388

To The President

The Stock Exchange of Thailand

This is to inform you that the meeting of the Board of Directors of Christiani & Nielsen (Thai) Public Company Limited No. 388 held on 8 March 2010 at 10.30 hours, at the office of the Company and has resolved to set the remuneration, meeting allowance and bonus of directors and audit committee as follows:

1. The chairman of the board and directors

1.1 The chairman of the board receives remuneration of Baht 20,000 per month and meeting allowance of Baht 60,000 per attendance.

1.2 Each director receives remuneration of Baht 10,000 per month and meeting allowance of Baht 30,000 per attendance.

2. The chairman of audit committee and audit committee

2.1 The chairman of audit committee receives remuneration of Baht 30,000 per month, meeting allowance of Baht 60,000 per attendance to the audit committee's meeting and meeting allowance of Baht 30,000 to the board of directors' meeting.

2.2 Each audit committee receives remuneration of Baht 25,000 per month, meeting allowance of Baht 45,000 per attendance to the audit committee's meeting and meeting allowance of Baht 30,000 to the board of directors' meeting.

3. Bonus

The board of directors each receives annual bonus at the rate of 2.0 per cent of dividend payment, equal to Baht 1.6 million. The allocating procedure is subject to the judgment of the board of directors.

Please be informed accordingly.

Yours faithfully,

Christiani & Nielsen (Thai) Public Company Limited

– Signature –

(Mrs. Jurairat Suksawatdi Na Ayudhaya)

Director Finance and Administration