AUDIT COMMITTEE REPORT ON MEMBERS AND SCOPE OF DUTIES.

Audit Committee Report on Members and Scope of Duties. The Board of Directors of Dusit Thani Public Company Limited at a meeting #4/1999 held on July 19,1999 had considered and approved the + scope of duties of Audit Committee in order to be harmonious the Announcement of the Stock Exchange of Thailand date June 28,1999 which are as follows: 1.The members of the committee are: Audit Committee Chairman : Professor Hiran Radeesri Audit Committee Member : Professor Sansern Kraichitti Audit Committee Member : Mr. Sakdi Kiewkarnkha 2.Factors and Qualitifications The Audit Committee has 3 members which consists of 1 Chairman and 2 members. All member has to have the qualifications as specified by the Stock Exchange of Thailand. The Audit Committee has 1 secretary who will be appointed by the Audit Committee. 3.Roles and Responsibilities (1) Ensure the company has sufficient and accurate financial statements. (2) Ensure the company has suitable and effective internal control and internal audit system. (3) Ensure the company complies with the SET s rules and regulations or other regulations related to the companys business. (4) Select and propose for the appointment of the external auditor, including the audit fees. (5) Disclose the companys information in case of any activities related to connected transactions or any activities that may lead to conflicts of interest. (6) Arrange for the audit committees report signed by the Head of the committee, to be disclosed in the companys annual report. (7) Consider other matters as defined by the board of directors. 4. Authorities and Duties (1) Be able to invite Directors, Executives, Department Heads or companys staff for inquiry or discussion. (2) Be able to seek for expert opinions outside the company, if necessary. (3) Provide an opinion related to the appointment, relocation and performance of the Head of the internal auditor. 5. Tenure of the Chairman of audit committee and the committee (1) Chairman of audit committee 3 years (2) Member of audit Committee 3 years In case the seats in the audit committee are not fully occupied because of any other reasons except that the audit committees tenure was ended, the Board of Directors should appoint a qualified person to fill in the seat of the audit committee. The term of the replaced member should be equal to the remaining period of the departing member. Effective since the date of announcement. Chairperson (Khunying Chanut Piyaoui)