Resignation of a Director /Appointment of Replacement Direct

Back May 15, 2007

Ref. No. COR:MS/EL07009e/pc

15 May 2007

Subject : Resignation of a Director /Appointment of Replacement Director

To : The President of the Stock Exchange of Thailand

Thoresen Thai Agencies Public Company Limited ("TTA") would like to report the resignation of Mr. Sathien Tejapaibul, who was an independent director, from the Board of Directors, effective 15 May 2007.

The Board of Directors has approved the appointment of Mr. Sak Euarchukiati as Mr. Tejapaibul's replacement for the remainder of his term, which will end at the next Annual General Meeting of Shareholders in January 2008.

Mr. Euarchukiati is highly experienced in business affairs, presently serving as a Director and Remuneration Committee member of Thai Plastic & Chemical Plc. He recently served as Compliance & Internal Audit Leader of GE Money Finance Plc. and was President of the Institute of Internal Audit of Thailand. He also worked in the areas of international banking, treasury operations, and trade finance operations in Bank of Asia Plc.

The Board of Directors believes that his extensive operations background will benefit TTA' s growth plans.


Yours faithfully,
Thoresen Thai Agencies Public Company Limited


(M.R.Chandram S.Chandratat)

(M.L. Chandchutha Chandratat)
Managing Director