THAI Announces Results of Board Meeting

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

I. Appointment of THAI Sub-Committees

The Board of Directors has approved the appointment of sub-committees to ensure efficiency in all areas of operations. The members are as follows:

1.1 Sub-committee to oversee the investment plan at Suvarnnabhumi Airport

1. Mr. Olarn Chaipravat - Chairman
2. Mr. Wissanu Krea-ngam - Committee member
3. ACM Terdsak Sujjaruk - Committee member
4. Mr. Viroj Nualkhair - Committee member
5. Mr. Borwornsak Uwanno - Committee member
6. Mr. Tasnai Sudasna - Committee member & Secretary

1.2 Sub-committee to oversee all THAI's donations either in cash or kind (ie. tickets, discounts or baggage allowance etc.)

1. Mr. Borwornsak Uwanno - Chairman
2. Mr. Wissanu Krea-ngam - Committee member
3. Pol. Gen. Sant Sarutanond - Committee member
4. Khunying Sasima Srivikorn - Committee member
5. Mr. Vichit Suraphongchai - Committee member
6. Mr. Tasnai Sudasna - Committee member & Secretary

1.3 Sub-committee to monitor the company's debt status

1. Mr. Vichit Suraphongchai - Chairman
2. Mr. Wissanu Krea-ngam - Committee member
3. Mr. Chai-anan Samudavanija - Committee member
4. Pol. Gen. Sant Sarutanond - Committee member
5. Mr. Chartsiri Sophonpanich - Committee member
6. Mr. Viroj Nualkhair - Committee member
7. Mr. Borwornsak Uwanno - Chairman
8. Mr. Kaweepan Raungpaka - Committee member & Secretary

1.4 Sub-committee to monitor all purchasing and leasing

1. Mr. Somchainuk Engtrakul - Chairman
2. Mr. Thanong Bidaya - Committee member
3. Mr. Wissanu Krea-ngam - Committee member
4. Khunying Sasima Srivikorn - Committee member
5. Mr. Vichit Suraphongchai - Committee member
6. Mr. Borwornsak Uwanno - Committee member
7. Mr. Suthep Suebsantiwongse - Committee member & Secretary

1.3 Financial Management Sub-committee

1. Mr. Chartsiri Sophonpanich - Chairman
2. Mr. Somchainuk Engtrakul - Committee member
3. Mr. Wissanu Krea-ngam - Committee member
4. Pol. Gen. Sant Sarutanond - Committee member
5. Mr. Viroj Nualkhair - Committee member
6. Mr. Borwornsak Uwanno - Committee member
7. Mr. Kaweepan Raungpaka - Committee member & Secretary

The appointment of these sub-committees will be effective from today onwards.

II. Benefits for the Board Members

Following the Cabinet resolution on 28 August 2001 concerning benefit entitlements of State Enterprise Board members, THAI's Board of Directors has approved the benefits of the Board members as follows:

- Members will receive only one meeting allowance per month, even if there is more than one meeting per month

- Members will receive an annual bonus payment in accordance with the Cabinet resolution

- For air travel both within Thailand and to international destinations to which THAI operates, the members are entitled to 10 return trips in Royal First Class. The air travel benefit is applicable only with THAI and only while the members are holding their position in the Board of Directors.

- The Board of Directors has agreed to terminate all air travel benefits to former members of the Board, Executive Committee, their spouse and children

III. The Annual Sharholders' Meeting No. 1/2544 The Board of Directors has approved the date of the Annual Shareholders' Meeting No. 1/2544 to be held on Thursday 20 December 2001, at 13:30 hours, in the Auditorium at THAI's Headquarters. The register for transfer of shares, necessary in order to qualify for attendance at the Shareholders' Meeting, will be closed on 3 December 2001, at 12:00 hours.

IV. The Development and Progress of THAI's Business Unit Plan The Board of Directors has approved the appointment of Business Unit Executive Board, comprising 9 members of THAI Management as follows:

1. President - Chairman of the Business Unit Executive Board

2. Executive Vice President, Finance and Information - member

3. Executive Vice President, Human Resources & General Administration - member

4. Executive Vice President, Corporate Development & Support - member

5.-9. Managing Directors of the five Business Units

The Board of Directors has approved the appointment of the management as
follows:

1. Mr. Suthep Suebsantiwongse, Executive Vice President, Customer Services as Executive Vice President, Human Resource & General Administration. (Customer Services Department has been sub-divided into business units in the new plan)

2. M.R. Supadis Diskul, Vice President Special Project and Acting Executive Vice President Human Resource & General Administration as Executive Vice President Corporate Development and Support

The Board of Directors has approved the appointment of Managing Directors of the Business Units as follows:

1. Mr. Kobchai Srivilas, Executive Vice President Technical, as Managing Director, Technical Services

2. Mrs. Sumalee Nakorntap, Vice President Special Project as Managing Director, Customer Services

3. Flt. Lt. Sukasem Nuangwang, Vice President, Special Project as Managing Director, Ground Support Equipment Services

4. Mr. Prasert Khlongwathanakith, Vice President, Subsidiaries and Investments, as Managing Director, Catering

5. Mr. Kawin Asvarchatroj, Vice President Cargo and Mail Department as Managing Director, Cargo and Mail Commercial

All the Managing Directors will be responsible for all functions under
their supervision. The appointments willl take effect from 1 November
2001.