SET Announcements

EE/SET/005/2553 February 25, 2010 Subject : Set AGM 2010 date and Dividend omission Attention to : President The Stock Exchange of Thailand Eternal Energy Public Company Limited Board of Directors' Meeting No. 1/2010 , held on February 24, 2010, starting from 17:00 hrs. passed the resolutions as follows : 1. To call the 2010 Annual General Meeting of Shareholder on April 29, 2010 at 14:00 hrs, at Kingthong Room, Asia Hotel 296 Phayathai Road, Rajtevee, Bangkok, with the following agendas : Agenda 1 To certify the minutes of the Extraordinary General Meeting of Shareholder No. 1/2009 Agenda 2 To acknowledge and approve the report of the Board of Directors on the 2009 Company Performance Agenda 3 To approve the audited Financial Statements for the year ended December 31, 2009 Agenda 4 To approve omission the dividend from the 2009 Company operation Agenda 5 To consider and approve the election of Directors in replacing of those who are retired by rotation Three directors are retired by rotation in year 2010 AGM : 1) Dr.Borwornsak Uwanno 2) Mr. Surachai Suksriwong and 3) Mr.Vorakij Srangsriwong. The Board of Directors,excluding the directors having special interest, agreed to propose the Meeting to re-elect Dr.Borwornsak Uwanno, Mr. Surachai Suksriwong, and Mr. Vorakij Srangsriwong to retain office for another term. Agenda 6 To approve the appointment of the auditors and their renumerations The Board of Directors agreed to the Audit Committee to elect Karin Audit Company Limited as an audit firm of the Company and Subsidiaries for the year 2010 and recommend the Meeting to approve: 1) The appointment of Mr. Jadesada Hungsapruk, Certified Public Accountant No. 3759 and/ or others Certified Public Accountant who approved by the Securities and Exchange Commission which appointed by Karin Audit Company to be the auditors for the Company and the three Subsidiaries. 2) The auditor fees for the Company Financial Statements of Baht 580,000 (the year 2009 was Baht 890,000) and Baht 490,000 for the three Subsidiaries (same rate last year). The total audit fees are Baht 1,070,000. Karin Audit Company and the said auditors as mentioned above have no relationship or interest with the Company, Subsidiaries, the Management, and Major Shareholders or related person with the said entity or person. Agenda 7 To acknowledge and approve the Renumeration for the Director, Audit Committee, and Sub-Committee. 7.1 The Board of Directors agreed to recommend the Meeting to acknowledge the renumerations for the Director, Audit Committee, and Sub-Committee - Risk Management Committee at the same rate payable in accordance with rule as approved by the 2008 AGM, held on April 22, 2008, and the 2009 AGM , held on 24 April 2009, effective from the date of approval until the Meeting resolves otherwise. 7.2 The Board of Directors agreed to propose the Meeting to approve the renumeration for Sub-Committee - Management Committee at the same rate of Risk Management Committee as follows : - The Chairman of the Committee at a meeting allowance of Baht 20,000 but not more than Baht 100,000 per year. - Member of the Committee at a meeting allowance of Baht 15,000 but not more than Baht 75,000 per year. Agenda 8 Other businesses (if any) 2. The shareholder right to attend the 2010 Annual General Meeting of Shareholder shall be determined in accordance with the record as of March 22, 2010, whose names shall be collected pursuant to section 225 of the Securities and Exchange Act B.E. 2535 by way of closure of share register on March 23, 2010. 3. Propose to the 2010 Annual General Meeting of Shareholder to consider omission the dividend from the operation of the Company year 2009 due to retained loss. Please be informed accordingly. Yours faithfully, (Mr. Vorajate Indamra) Director