THAI Board of Directors Meeting Results for January 2013

Bangkok , 8 February 2013 – Thai Airways International Public Company Limited (THAI) held it’s Board of Directors Meeting, chaired by Mr. Ampon Kittiampon , THAI’s Chairman of the Board of Directors, with the following results.

Increase in Employee Salaries and Incentives

THAI’s Board of Directors announced that due to the Company’s financial situation having improved in 2012, as a result of employees’ hard work and determination, the THAI Board of Directors has approved an increase in employee salary and incentives, as proposed by THAI Management. The Board of Directors acknowledged that due to the major flood in 2011 causing the Company to incur a loss, it was necessary to set a low salary increase, while there no plans to issue bonuses.

1. For the salary increase, an average of 7.5 percent increase has been approved for non-managerial employees (level 1-7), with other employees receiving an increase based on a descending rate, for an overall company average of 6.77 percent increase in salary.

2. An additional 300 million baht from the 2013 fiscal year has been approved for incentives that THAI Management shall allocate to all employees. This amount is for work performance in 2012, when the KPI system had not yet been fully implemented, as well as for additional relief due to impact from the major flood in 2011.

3. For the KPI incentive, 200 million baht had been previously approved in the 2012 fiscal year, and is to be systemically and justly allocated by Management to all staff, in particular to lower level staff.