ThaiAirways News Release: THAI Board of Directors Meeting Results

Today, 29 June 2012 – Thai Airways International Public Company Limited (THAI) held its Board of Directors Meeting, chaired by Mr. Ampon Kittiampon, THAI’s Chairman of the Board of Directors, with the following results.

1. Operating Results for May 2012

The THAI Board of Directors acknowledged the Company’s operating performance for May 2012. There was an increase in the number of passengers carried in the month of May 2011 of 1.35 million to 1.59 million, or a 17.9% increase for May 2012 compared to the same period last year. Revenue Passenger–Kilometer (RPK) was 4,477 million ton kilometers or 12.4% higher than the same month last year. Available Seat–Kilometer (ASK) was 6,259 million seat kilometers and decreased 2.7% in May 2012 compared to the same month in 2011, which was a strategic adjustment in capacity to better reflect demand of each market. Cabin Factor averaged 71.5% for May 2012 as compared to the same month last year of 61.9%. The cabin factor improvement was better for all flight sectors in May 2012, especially Australia where cabin factor increased from 55.9% to 71.1%, Europe where cabin factor increased from 58.4% to 69.5%, regional cabin factor rose from 67.1% to 73.4%, and domestic cabin factor rose from 57.2% to 67.6%.

For cargo and commercial mail, the Company introduced its second converted Boeing 747-400 aircraft into service on 15 May 2012. Comparing freighter production and freight revenue for the month of May 2012 compared to that of 2011 where THAI operated 2 leased freighter aircraft, freight production was 6.0% lower and freight revenue was 9.1% lower in May 2012 than the previous year. Average Freight Load Factor for May 2012 was 55.9% which was lower than 57.8% achieved during the same month last year.

2. Progress on New President Selection

THAI’s Board of Directors acknowledged the progress on recruitment for a new Company President. Applications may be submitted during the period 21 June – 6 August 2012, from 09.00-16.30 hours. Interested and qualified applicants may obtain an application at the THAI Corporate Secretariat Department, at THAI’s Head Office, Building 1, 21st Floor, 89 Vibhavadi Rangsit Road, Jompon, Chatuchak, Bangkok 10900, Tel. 02-545-1551, 02-545-1560. Details may be obtained online www.thaiairways.com/About-Thai/Careers/

The following persons were appointed to be on the President Selection Committee:

1. Mr. Areepong Bhoocha-oom Chairman THAI Member of the Board of Directors 2. Mr. Kanit Sangsubhan Committee Member THAI Member of the Board of Directors 3. Mr. Weerawong Chittmittrapap Committee Member THAI Member of the Board of Directors 4. Mr. Pradit Sintavanarong Committee Member THAI Member of the Board of Directors 5. Mr. Silpachai Jarukasemratana Committee Member THAI Member of the Board of Directors 6. Mr. Niruj Maneepun Secretary THAI Executive Vice President, Corporate Secretariat Department

The Company has proceeded to advertise and publicize this matter to its employees and the general public through various channels, such as print publications, television, radio, and internal communications.

3. Rak Khun Tao Fah Foundation

The THAI Board of Directors acknowledged progress on establishing Rak Khun Tao Fah Foundation as part of the Company’s corporate social responsibility strategy. The Foundation’s objectives are:

- To support and provide assistance to society, youths, and environment preservation efforts
- To create public awareness for long-term preservation of resources and the environment
- To drive and support society to participate in reducing carbon emissions
- To generate public interest and cooperate with other organizations of public interest
- To be independent of any political affiliation

Through the Foundation, passengers on THAI can help to reduce carbon emissions by donating funds voluntarily when at THAI ticket offices. Furthermore, the Board of Directors approved the following Rak Khun Tao Fah Foundation committee members:

1. Professor Kasem Wattanachai,
M.D. Chairman Privy Councillor

2. Dr. Ampon Kittiampon
Vice Chairman Chairman of THAI Board of Directors

3. ACM. Satitpong Sukvimol Committee Member

Member of THAI Board of Directors

4. Mr. Apiporn Pasawat Committee Member
Member of THAI Board of Directors and
Chairman of Corporate Social Responsibility Committee

5. Mr. Chokchai Panyayong Committee Member
THAI Executive Vice President of Strategy & Business Development and Acting for President

6. Mr. Niruj Maneepun Committee Member
THAI Executive Vice President of Corporate Secretariat Department

7. Mrs. Wasukarn Visansawatdi Committee Member
THAI Executive Vice President of Finance and Accounting Department

8. Mrs. Sunathee Isvarphornchai Secretary
THAI Vice President of Corporate Communications Department

9. Mrs. Thitima Maneepairoj Assistant to Secretary
THAI Director of Research & Development Institute

10. Miss Varaporn Besuwan Treasurer
THAI Department Manager of Business Project Management Department

4. Staff and Management Appointments

The THAI Board of Directors approved the process for transfers, selections and appointments of Directors, Vice Presidents, General Managers (overseas station), Airport Services Managers(Station Managers), and Accounting Managers during the period that the Company is recruiting for a new President, whereby priority is given to positions requiring immediate placement. Selection process includes Company selection committee, Executive Board and Company Board in determining the final selection of each position.

5. Management Transfers

The THAI Board of Directors approved of the following management transfers:

1. Flt. Lt. Kanok Thongpurk, Vice President, Human Resources Management Department, as Vice President, Personal Development and Training Department

2. Mrs. Chuda Dhanabhumi, Vice President, Personal Development and Training Department, as Vice President, Human Resources Management Department

The appointments are effective from 29 June 2012 onwards.