1.      Agreed in principle of the share offering plan as proposed by the Private Participation Committee of Thai Airways International Public Company Limited as follows:

1.1.  The allotment of shares is to be 300 million shares

·        285 million shares will be offered and sold to the public

·        15 million shares will be allocated to the employees pursuant to the employee securities option plan of the Company

1.2.  To fix the amount of the Ministry of Finance’s shares to the public  not exceeding 100 million shares

1.3.    The over allotment shares or greenshoe option program not exceeding 15 % of the public offering, around 60 million shares, and to be the existing share of Ministry of Finance

2.      Agreed in principle that the Company maintains its status as the State Enterprise which government hold the shares of more than 50 %

3.      Agreed in principle that rules, regulations, and Government’s resolutions generally applied to state-enterprises can be wavered for the Company, excluding the following areas:  

SEPC will submit the result and outcome of the meeting to the Cabinet for their further consideration and approval.

For details and activities schedules concerning the Company’s share offering, the Company will bring this matters to the attention of the Company’s Board of Directors and the Private Participation Committee of Thai Airways International Public Company Limited for their further considerations.