Names of Members and Scope of Work of the Audit Committee
20 February 2009
                                
                                    Translation
 
                                                                      F 24-1
 Form to Report on Names of Members and Scope of Work of the Audit Committee
     The Board of Directors' meeting of Siam Makro Public Company Limited No.
6/2008 held on 7 August 2008 resolved the meeting's resolutions in the
following manners:
     Appointment of the Audit Committee/Renewal for the term of Audit Committee:
     Chairman of the Audit Committee      Member of the Audit Committee
     As follows:
     (1) ............................................................
     (2) ............................................................
     (3) ............................................................
     (4) ............................................................
     ,the appointment/renewal of which shall take an effect as of ..(date)..
  X  Determination/Change in the scope of duties and responsibilities of the
Audit Committee with the following details:
     1. To review the Company's financial reporting process to ensure that it
        is accurate and adequate;
     2. To review the Company's internal control system and internal audit
        system to ensure that they are suitable and efficient, and to
        determine an independent of the internal audit unit, as well as to
        approve the appointment, transfer and dismissal of the chief of an
        internal audit unit or any other unit in charge of an internal audit;
     3. To review the Company's compliance with the law on Securities and
        Exchange, the SET's regulations, and the laws relating to the
        Company's  business;
     4. To consider, select and nominate independent persons to be the
        Company's auditors, and to propose such persons' remuneration, as well
        as to attend a non-management meeting with the auditors at least once
        a year;
     5. To consider the Connected Transactions, or the transactions that may
        lead to conflicts of interests, to ensure that they are in compliance
        with the laws and the SET's regulations, to be ensured that the said
        transactions are reasonable and made for the highest benefit of the
        Company;
     6. To prepare the Audit Committee's report which must be signed by the
        Audit Committee's Chairman and consist of at least the following
        information to be disclosed in the Company's annual report:
        (a) an opinion on the accuracy, completeness and creditability of the
            Company's financial report,
        (b) an opinion on the adequacy of the Company's internal control
            system,
        (c) an opinion on the compliance with the law on Securities and
            Exchange, the SET's regulations, or the laws relating to the
            Company's business,
        (d) an opinion on the suitability of an auditor,
        (e) an opinion on the transactions that may lead to conflicts of
            interests,
        (f) the number of the Audit Committee meetings, and the attendance of
            such meetings by each member of the Audit Committee,
        (g) an opinion or overview comment received by the Audit Committee
            from its performance of duties in accordance with the charter, and
        (h) other transactions which, according to the Audit Committee's
            opinion, should be known to the shareholders and general investors,
            subject to the scope of duties and responsibilities assigned by the
            Company's Board of Directors; and
     7. To perform any other act as assigned by the Company's Board of
        Directors, with the approval of the Audit Committee.
     The determination/change of which shall take an effect as of 7 August 2008.
     The Audit Committee is consisted of:
        1. Chairman of the Audit Committee     Mr. Athaporn Khaimarn
           remaining term in office 1 year 9 months
        2. Member of the Audit Committee       Mr. Chavalit Uttasart
           remaining term in office 1 year 9 months
        3. Member of the Audit Committee       Mr. Thira Wipuchanin
           remaining term in office 1 year 9 months
           Secretary of the Audit Committee    Miss Suparat Sumnienghong
     Enclosed hereto is 1 copy of the certificate and biography of an Audit
Committee number 1 who has adequate expertise and experience to review
creditability of the financial reports.
     The Audit Committee of the Company has the scope of duties and
responsibilities to the Board of Directors on the following matters:
     1. To review the Company's financial reporting process to ensure that it
        is accurate and adequate;
     2. To review the Company's internal control system and internal audit
        system to ensure that they are suitable and efficient, and to
        determine an independent of the internal audit unit, as well as to
        approve the appointment, transfer and dismissal of the chief of an
        internal audit unit or any other unit in charge of an internal audit;
     3. To review the Company's compliance with the law on Securities and
        Exchange, the SET's regulations, and the laws relating to the
        Company's business;
     4. To consider, select and nominate independent persons to be the
        Company's auditors, and to propose such persons' remuneration, as well
        as to attend a non-management meeting with the auditors at least once
        a year;
     5. To consider the Connected Transactions, or the transactions that may
        lead to conflicts of interests, to ensure that they are in compliance
        with the laws and the SET's regulations, to be ensured that the said
        transactions are reasonable and made for the highest benefit of the
        Company;
     6. To prepare the Audit Committee's report which must be signed by the
        Audit Committee's Chairman and consist of at least the following
        information to be disclosed in the Company's annual report:
        (a) an opinion on the accuracy, completeness and creditability of the
            Company's financial report,
        (b) an opinion on the adequacy of the Company's internal control
            system,
        (c) an opinion on the compliance with the law on Securities and
            Exchange, the SET's regulations, or the laws relating to the
            Company's business,
        (d) an opinion on the suitability of an auditor,
        (e) an opinion on the transactions that may lead to conflicts of
            interests,
        (f) the number of the Audit Committee meetings, and the attendance of
            such meetings by each member of the Audit Committee,
        (g) an opinion or overview comment received by the Audit Committee
            from its performance of duties in accordance with the charter, and
        (h) other transactions which, according to the Audit Committee's
            opinion, should be known to the shareholders and general investors,
            subject to the scope of duties and responsibilities assigned by the
            Company's Board of Directors; and
     7. To perform any other act as assigned by the Company's Board of
        Directors, with the approval of the Audit Committee.
     The Company hereby certifies that
        1. The qualifications of the aforementioned members meet all the
           requirements of the Stock Exchange of Thailand; and
        2. The scope of duties and responsibilities of the Audit Committee as
          stated above meet all the requirements of the Stock Exchange of
          Thailand.
                                   Signed       Signature      Director
                                        (Mrs. Suchada Ithijarukul)
                      (Seal)
                                   Signed       Signature      Director
                                        (Mrs. Saowaluck Thithapant)