ANNOUNCES RESOLUTIONS OF SHAREHOLDERS

Sino-Thai Engineering & Construction Plc (STECON) announced resolutions made by ordinary general shareholder meeting No.4/1997 held on April 30, 1997 as follows: 1.To certify the minutes made by ordinary shareholder meeting No.3 /1996 held on April 30, 1996 2.To approve balance sheet and profit/loss account as of 1996 ended Dec 31, 1996 and approve not to pay dividend 3.To reappoint following directors--Mrs Tasanee Chanvirakul, Mr Udomsak Chakriyavanich and Mr Songkram Chivaprawatdamrong 4.To appoint Mr Nirandr Leelamethawat Certified Public Accountant no.2316 and/or Mr Supoj Singsane CPA No.2826, from Pete Marwick Suthee Co., as auditor(s) with auditing fee at Bt590,000 annually 5.To determine director bonus at Bt2 million/year and meeting fee at Bt10,000/session for each director and Bt20,000/session for the president 6.To rescind issue of 6 million common shares reserved for CD conversion as CD holder had made put option on all US$80 million CDs on December 26, 1996 7.To amend regulation clause 11: It is liberised to transfer company's stocks, except that transfer causes foreign shareholding to lift up over 30% of outstanding shares.