Reports On A Director's Resignation

Ref. No. COR:MS/EL04028e/py

                                                                                    3^rd  August 2004

Subject   :  Reports on a director's resignation

To          :  President to the Stock Exchange of Thailand

            Thoresen Thai Agencies Public Company Limited would like to report on the resignation of a

director as follow:

Name	Position	Effective Date
Dr. Teera Ashakul	Director	1 August 2004

            Please be informed accordingly.

                                                                                    Yours faithfully,

                                                M.R. Chandram S. Chandratat            Mr. Arne Teigen

                                                              Chairman                                  Managing Director