Mr. Kasama Punyagupta, a Chief Executive Officer of the Company, will complete his term of service on May 31, 2014. He has informed the Board of Directors to retire from his position as Chief Executive Officer and also resign from his position as the director of the Erawan Group Public Company Limited and the subsidiaries, effective on May 31, 2014 onward. The Board of Directors has considered in accordance with the Company s succession plan which has been in place since 2011 and the Board of Directors at the meeting no.4/2014 held on May 21, 2014 has made the relevant resolutions.

The company has appointed Mr. Kasama Punyagupta as the advisor of the Strategy and Investment Committee (currently named as Investment Committee) effective on June 1, 2014 onward. Appoint Mr. Petch Krainukul, a Senior Executive Vice President Hotel Business of the Company to be a director of the Company in replacement of the vacancy effective on June 1, 2014 onward. The Company would like to inform that under the new management structure starting from June 1, 2014 onward, the President position which has been held by Mrs. Kamonwan Wipulakorn since July 1, 2011 will be the high executive management position of the Company.