Banyan Tree : Laguna Resorts & Hotels Public Company Limited Resolutions of the 2016 Annual General Meeting

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No. L018/2016

April 26, 2016

Subject : Resolutions of the 2016 Annual General Meeting Attention : President The Stock Exchange of Thailand

The 2016 Annual General Meeting (the "AGM") of Laguna Resorts & Hotels Public Company Limited (the "Company") held on April 26, 2016 has resolved the following matters:

1. Certified the minutes of the 2015 Annual General Meeting by a unanimous vote of the shareholders who are present and cast their votes as follows:

   105,102,720	votes	(100.00%)
   -None- -None-	votes votes*	(0.00%)

   • Approved

   • Disapproved

   • Abstained

2. Acknowledged the Company's 2015 business operations report.

3. Approved the Company's audited financial statements for the year ended December 31, 2015 with the auditor's report thereon by a unanimous vote of the shareholders who are present and cast their votes as follows:

   105,136,024	votes	(100.00%)
   -None-	votes	(0.00%)
   -None-	votes*

   • Approved

   • Disapproved

   • Abstained

4. Approved by a unanimous vote of the shareholders who are present and cast their votes to appropriate the retained earnings for the year ended December 31, 2015 as follows:

5. Dividend payment to shareholders in the amount of Baht 0.36 per share for 166,682,701 shares, totaling Baht 60,005,772.36.

6. Un-appropriated retained earnings to be carried forward.

   The Company will pay the dividend to the shareholders whose names appear in the Company's share register book as at May 10, 2016 which is the date for determination of shareholders who are entitled to the dividend payment (Record Date) fixed by the Board of Directors. The closing date of the Company's share register book for collecting shareholders' names under Section 225 of the Securities and Exchange Act is fixed on May 11, 2016. Dividend payment will be made on May 25, 2016. Details of the votes are as follows:

   105,135,724	votes	(100.00%)
   -None-	votes	(0.00%)
   -None-	votes*

   • Approved

   • Disapproved

   • Abstained

7. Approved the re-election of all 4 retiring directors, namely Mr. Surapon Supratya, Dr. Jingjai Hanchanlash, Mr. Eddy See Hock Lye and Mr. Ho Ren Hua for another term of directorships by a majority vote of the shareholders who are present and cast their votes as follows:

   1)	Mr. Surapon Supratya	105,089,474	votes	(99.98%)
   21,500	votes	(0.02%)
   25,250	votes*

   • Approved

   • Disapproved

   • Abstained

   2)	Dr. Jingjai Hanchanlash	105,099,473	votes	(99.99%)
   11,501	votes	(0.01%)
   25,250	votes*

   • Approved

   • Disapproved

   • Abstained

   3)	Mr. Eddy See Hock Lye	105,110,974	votes	(100.00%)
   -None- 25,250	votes votes*	(0.00%)

   • Approved

   • Disapproved

   • Abstained

   4)	Mr. Ho Ren Hua	105,110,974	votes	(100.00%)
   -None-	votes	(0.00%)
   25,250	votes*

   • Approved

   • Disapproved

   • Abstained

8. Acknowledged the directors' remuneration for the year 2016 which the amount and format of the fee, for each category of directors of the Board and for each category of committee members of the Audit and Risk Committee (ARC) and Nomination and Remuneration Committee (NRC), approved by the 2015 AGM, remain unchanged and will continue to be in effect in 2016 and for each subsequent year, unless or until resolved otherwise by a general meeting of the shareholders of the Company. Details of the remuneration are as follow:

   Board of Directors

   Position	Remuneration / Meeting / Person (Baht)	Spa & Gallery Vouchers / Year / Person
   Chairman of the Board	253,000	-
   Deputy Chairman of the Board	210,000	-
   Independent Director	169,000	USD2,000
   Non-Executive Director	169,000	USD2,000
   Executive Director	111,000	-

   Audit and Risk Committee and Nomination and Remuneration Committee

   Position	Remuneration / Meeting / Person (Baht)
   Chairman	84,000
   Member	43,000

9. Approved the appointment of Mr. Sophon Permsirivallop, C.P.A. No. 3182 and/or Ms. Rungnapa Lertsuwankul, C.P.A. No. 3516 and/or Ms. Rosaporn Decharkom C.P.A. No. 5659 and/or Ms. Pimjai Manitkajohnkit, C.P.A. No. 4521 of EY Office Limited to be the Company's auditor for the year 2016 with total remuneration not exceeding Baht 640,000 by a unanimous vote of the shareholders who are present and cast their votes as follows:

Approved	105,109,974	votes	(100.00%)
Disapproved	-None-	votes	(0.00%)
Abstained	26,250	votes*

Note * The abstention is not counted as part of the votes cast by shareholders because that agenda requires a simple majority vote of the shareholders who are present and cast their votes.

Please be informed accordingly.

Sincerely Yours,

(Mr. Kuan Chiet)

Senior Assistant Vice President - Finance & Administration