BOD's Resolutions No.1/2006-Dividend Payment

BackFeb 21, 2006

RPC/HO-SET/ELCID-0003/06
       
        February 20th, 2006
       
        Subject  :   Resolutions from the Board of Directors'  Meeting No.1/2549
        for Scheduling of the 2006 Annual General Shareholder' Meeting and
        Dividend Payment
       
        To              President
                           The Stock Exchange of Thailand
       
        Rayong Purifier Public Company Limited (RPC) would like to inform the
        resolutions made in  the Board of Directors Meeting held on Monday
        February 20th, 2006 from 12.00am. to 05.00pm. as follows.
       
        1.) The 2006 Annual General Shareholders' Meeting will be held on
        Friday March 31st,  2006 at 10.00am. at Ladprao Suite Room, The
        Sofitel Central Plaza, 1695 Phaholyothin Road, Jatujak, Bangkok on
         the following agendas:-
        Agenda 1 :      To consider and certify Minutes of the 2005 Annual
        General Shareholders' Meeting held on April 8th, 2005.
        Agenda 2 :      To consider and certify  the Company's 2005 Performance
        and Annual Report.
        Agenda 3 :      To consider and approve the Audited Balance Sheet and
        the Profit and Loss Statements for the year ended December 31, 2005.
        Agenda 4 :      To consider and approve the 2005 Profit Appropriation
        and dividend payment.
        Agenda 5 :      To consider and approve the increase of registered
        capital of the Company with the condition of paying a part of dividend
         in form of stock dividend and condition of adjusting exercise ratio in
        ESOP No.1
        that impacts from this paying stock dividend.
        Agenda 6 :      To consider and approve the amendment of Clause 4.
        of the Memorandum of Association of the Company to be in accordance
        with capital increase with the conditions of paying a part of dividend
         in form of stock dividend and condition of adjusting exercise ratio in
        ESOP No.1 that impacts from this paying stock dividend.
        Agenda 7 :      To consider and elect new directors to replace those who
        are due to retire by rotation.
        Agenda 8 :      To consider and fix the Directors' remuneration and
        Bonus.
        Agenda 9 :      To consider and appoint the Auditors and auditor's fee
        for the year 2006
        Agenda 10 :    To consider and appoint the Securities re-purchaser for
        the issuance of the Company's Warrants to Directors, Advisor,
        Management, Employees and Securities re-purchaser of the Company
        and subsidiary  companies  by units of public offering (ESOP No.1) that
        impacts from this paying stock dividend.
        Agenda 11 :    To consider other business (if any)
       
        2.) The closing date of the Company share register for the right to
        attend The 2006 Annual General Shareholders' Meeting will be from
        12.00 a.m., Thursday March 9th, 2006, until the meeting close.
       
        3.) The Board proposed the appropriation of Profit Baht 291,872,940
        from the year 2005 operating profit to be appropriated as Dividend at
        Baht 0.70 per share. The dividend has been paid as interim dividend at
        Baht 0.35 per share and balance Baht 0.35 per share for the second half
        of 2005 or Baht 146,430,440 by paying cash dividend and stock dividend
        as follow:
        3.1) Paying cash dividend at the rate of Baht 0.10 per share, totaling
        of Baht 41,837,269.
        3.2) Paying stock dividend totaling 104,593,171 ordinary shares (with a
        par value of Baht 1.00) to the shareholders of the Company at the ratio
        of 4 exiting shares to 1 new shares, totaling of Baht 104,593,171, or at
        the rate of Baht 0.25 per share. In case that the shareholder has a
        fraction of shares remaining less than 4 shares, the dividend therefor
        would be paid in form of cash dividend instead at the rate of Baht 0.25.
        The dividend shall be payable to the shareholders whose names are
        in the Company share register book as of Tuesday April 11th, 2006 at
        12.00am. with the dividend payment date on Friday April 28th, 2006.
       
        4.) To propose the 2006 Annual General Shareholders' Meeting to
        consider approving the increase of registered capital of the Company
        from Baht 424,040,000 to be Baht 530,048,171 by increasing of
        106,008,171 ordinary shares (with par value Baht 1.00). This is for
        stock dividend payment totaling 104,593,171 shares and for adjusting
         the exercise ratio in ESOP No.1 that impact from this stock dividend
        totaling 1,415,000 shares.
       
        5.) To consider the amendment of Clause 4. of the Memorandum of
        Association of the Company to be in accordance with capital increase by
        using the following statement:
        Registered Capital     530,048,171 Baht
        (Five hundred thirty million forty-eight thousand and one hundred
        seventy-one Baht)
        Consist of                     530,048,171 Shares
        (Five hundred thirty million forty-eight thousand and one hundred
        seventy-one Shares)
        Par value per Share    1.00 Baht (One Baht)
        Consist of                      530,048,171 Shares
        (Five hundred thirty million forty-eight thousand and one hundred
        seventy-one Shares)
        Preferred Shares            - None -
       
        Please be so informed.
        
        Sincerely Yours,
       
       
        Ms.Siraporn  Krishnakan
        Assistant Managing Director
       
       
        Investor Relations / Managing Director Office
        Tel 0 2515-8671      0 2515-8600
        e-mail ir@rpcthai.com