Dividend payment for the business operations for the fiscal year 2002/03

Thai Airways International Public Company Limited (the ”Company”) held the Board Meeting No.14/2003 on Wednesday, November 26, 2003, at the Conference Room, 22nd Floor, Head office Building, No. 89 Vibhavadi Rangsit Road, Khwaeng Ladyao, Khet Chatuchak, Bangkok Metropolis. Details of the resolutions are as follows : 

1.           The board has passed the resolution to approve the dividend payment for the business operations for the fiscal year 2002/03 so that it will be proposed to the shareholders during the 2003 Annual General shareholders’ Meeting as follow :

1.1      The dividend payment for the business operations of the Company for the fiscal year 2002/03 will be Baht 1.00 per share and will be paid to shareholders within 30 days from the 2003 Annual General shareholders’ Meeting.

1.2      The closing date for the Company share registration for the right to receive the dividend will be on Monday, January 5, 2004 at 12.00 hours.

2.           The board has passed the resolution to appoint the Office of the Auditor General as the Company’s auditor for the fiscal year 2003/04 period and fixed the audit fees at Baht 1.5 million per year.

3.           The Board has passed the resolution to adjust the Board of Directors’ remuneration as proposed by the Remuneration Committee as follows:

3.1        Meeting Allowance

- Monthly Allowance of Baht 50,000 for those present at the meeting and Baht 20,000 for those absent from the meeting

- Increasing remuneration for Board of Directors have been appointed as directors, sub-directors, and members of working groups as follows:

-  Meeting allowance of Baht 10,000 for those present at the meeting for Strategy Supervision Committee, Corporate Governance Committee and Remuneration Committee.

-  As much as Monthly Allowance of the Board of Directors’ remuneration, including the month a meeting is not held for Audit Committee.

3.2      Bonus shall be paid at the rate of 0.5 % of dividend