THAI Announces Board Meeting Results

Today, Thai Airways International Public Company Limited held a Board of Directors’ Meeting, chaired by THAI’s Chairman Mr. Virabongsa Ramangkura, with the following results:

1. Selection of THAI’s President

The Board of Directors has acknowledged the appointment of a President Selection Committee, based on the Board’s decision to select a new President who will oversee THAI’s operations. This action is in accordance with the Standard Quality of Directors and State Enterprise Employees Act 2000 (Issue No. 4), Clause 8, and at a meeting held on 8 January 2002, the following committee members were selected:

1. Mr. Srisook Chandrangsu - Chairman Permanent Secretary, Ministry of Transport and Communications

2. Mr. Thapabutr Jamasevi - Committee member Director-General, Department of Labor Protection & Welfare

3. Mr. Areepong Phoocha-oom - Committee member, Director, Office of State Enterprises & Government Securities

4. Mr. Anuparb Sunananta - Committee member, Former Director-General, Port Authority of Thailand

5. Khunying Sasima Srivikorn - Committee member, Director, Board of Directors, Thai Airways International Public Company Limited

Applications for the position of President of Thai Airways International will be accepted from 25 January – 8 February 2002. The names of candidates who pass the initial selection process will be announced on 13 February 2002, and these candidates will be interviewed between 15 – 20 February 2002. After that period, the President Selection Committee will present results of their findings for selection of THAI’s next President.

THAI’s Board also agreed to appoint a subcommittee to review the benefit package for the airline’s President, subcommittee members being as follows:

1.  Mr. Thanong Bidaya - Chairman

2. Representative from the Ministry of Finance - Committee member

3. Khunying Sasima Srivikorn - Committee member

2. Appointment of Committee on Improving Inflight Facilities

The Board has agreed to appoint a committee seeking to improve the quality of the airline’s inflight seats, inflight entertainment system, and products facilitating passenger inflight comfort and convenience. Members of the committee are as follows:

1. Mr. Virabongsa Ramangkura - Chairman, Chairman, Thai Airways International Public Company Limited

2. ACM Terdsak Sujjaruk - Vice Chairman 1, Director, Board of Directors, Thai Airways International Public Company Limited

3. Mr. Chartsiri Sophonpanich - Director, Director, Board of Directors, Thai Airways International Public Company Limited

4. Mr. Kobchai Srivilas - Director, Management Representative, Thai Airways International Public Company Limited

5. Mr. Tasnai Sudasna na Ayudhaya - Director, Management Respresentative, Thai Airways International Public Company Limited

6. M.R. Supadis Diskul - Director, Management Representative, Thai Airways International Public Company Limited

7. Mr. Songsak Namwong - Secretary, Manager, Customer Information Services Department,

3. Investment Budget & Management Committee on Investment Budget, at the New Bangkok International Airport (Suvarnabhumi)

The Board approved the airline’s investment budget, at the New Bangkok International Airport (Suvarnabhumi), in the amount of THB 13,735.51 million baht.

The airline’s investment at the New Bangkok International Airport consists of six activities, as follows: Cargo and Mail Commercial Activity, Catering Activity, Ground Support Equipment Services Activity, Technical Services Activity, Customer Services Activity, and Operations Center Activity.

In addition, the Board also approved the appointment of a management committee concerning this project, as follows:

1. Executive Vice President, Corporate Development and Support Department - Chairman

2. Executive Vice President, Operations - Committee member

3. Executive Vice President, Finance and Accounting - Committee member

4. Acting Senior Vice President, Corporate Planning and Government Relations - Committee member

5. Managing Director, Technical Services - Committee member

6. Managing Director, Cargo and Mail Commercial - Committee member

7. Managing Director, Customer Services - Committee member

8. Managing Director, Ground Support Equipment Services - Committee member

9. Managing Director, Catering - Committee member

THAI’s Board agreed to the appointment of a representative from the Office of the National Counter Corruption Commission (NCCC) to observe the implementation of investment concerning these activities.

In addition, the Board approved for the company to seek a consultant, architect, and construction company to proceed with the airline’s facilities that will be established at the new airport.

4. Appointment of Board Representative to Aid in Consideration of Appropriate Corporate Measures and Standards

THAI’s Board appointed Mr. Vichit Suraphongchai and Mr. Borwornsak Uwanno as representatives on behalf of the Board, to work with the Ministry of Finance, in considering appropriate corporate measures and standards that will be applied in evaluating the company’s performance.

5. Interim Measures Concerning Air Tickets