Report on incorporation of branch/liquidation of subsidiary

Translation No. CSO 011/2009 November 11, 2009 Subject: Board Resolution To: Director and Managers of Stock Exchange of Thailand The Board of Directors Meeting of Dusit Thani Public Company Limited ("the Company") No.5/2009 held on November 11, 2009 had approved the resolution as follows: 1. Incorporation of branch of Dusit Overseas Co., Ltd. in Saudi Arabia within the amount Saudi Riyal capital 500,000 Dusit Overseas Co., Ltd. is a company registered in Hong Kong on February 15, 2008 with its registered capital of HKD 33,000 The company holds shares in Dusit Overseas Co., Ltd. through Dusit Worldwide Co., Ltd. at 100%. The objective of Dusit Overseas Co., Ltd. is to manage the hotels in offshore and due to Dusit Overseas Co., Ltd. has signed agreement to manage the hotel in Saudi Arabia on August 6, 2009. Therefore, Dusit Overseas Co., Ltd. is necessary to incorporate its branch in Saudi Arabia for obtaining a license to operate and manage the hotel from the Saudi Commission for Tourism and Antiquities according to Saudi Arabian law. 2. Liquidation of Dusit International Management Holding Co., Ltd. in the Republic of Mauritius Dusit International Management Holding Co., Ltd is a company registered in the Republic of Mauritius on March 27, 2008 with its registered capital of USD 10,000. The company holds shares in Dusit International Management Holding Co., Ltd. through Dusit Worldwide Co., Ltd. at 100%. The objective of Dusit International Management Holding Co., Ltd. is to support the investment and management fund raising in offshore. At present, the company does not carry on any business activity according to world economic and recessionary investment, it should therefore liquidate Dusit International Management Holding Co., Ltd. for saving and reducing the operation costs. Please be informed Yours faithfully, Mrs. Sinee Thienprasiddhi Company Secretary