Approval Of 2nd Quarter Financial Results/Interim Dividend

Back May 11, 2006

Ref: COR:MS/EL06007e/st

11 May 2006

Subject: Approval of Second Quarter Financial Results/Interim Dividend Payment

To: The President of the Stock Exchange of Thailand

         At the Board of Directors meeting on 11 May 2006, the Board of Directors of Thoresen Thai Agencies Public Company Limited (the "Company") approved the following:

1. Approval of the second quarter financial results that ended on 31 March 2006.

2. Approval of an interim dividend payment based on the operating results of the six-month period that ended on 31 March 2006, of Baht 0.65 per share to the 643,684,422 ordinary shares whose names appear in the Company's shareholders register at 12:00 PM on 26 May 2006. The dividend payment will be made on 9 June 2006.

Yours faithfully,

     -----------------------------               -----------------------------
(M.R. Chandram S. Chandratat)     (M.L. Chandchutha Chandratat)
                 Chairman                                        Managing Director