10. INTERNAL CONTROL

  The Company values the internal control and internal audit system, and
  has set up an internal audit unit, which reports directly to the Audit
  Committee.

  The internal audit work can be divided into 5 main types as follows:

-   Financial auditing

-   Operational auditing

-   Compliance auditing

-   Management auditing

-   Information system auditing

  The internal auditor has the responsibility to report the audit
  results, findings, suggestions and solutions in written document, as
  well as to follow up to ensure the compliance with rules, regulations
  and suggestions which have been acknowledged or accepted by Board of
  Directors, Audit Committee, or management.

  The Audit Committee held 6 meetings in 2008 as follows:

1.  Meeting No. 1 on 26 February 2008

2.  Meeting No. 2 on 6 May 2008

3.  Meeting No. 3 on 5 August 2008

4.  Meeting No. 4 on 10 November 2008

  All Audit Committee members attended all the meetings.

Report of the Audit Committee

  To the Shareholders of Bumrungrad Hospital Public Company Limited

  The Audit Committee was established by a board resolution. The
  Committee comprises of three independent directors of the Company,
  namely, Miss Sophavadee Uttamobol, Chairperson, Mr. Boonpakorn
  Chokwathana, and Mr. Soradis Vinyaratn, Audit Committee Members. The
  duties and responsibilities of the Committee are mainly to ensure that
  financial reports of the Company comply with accounting standards with
  sufficient and accurate information disclosure; to ensure that the
  Company’s internal control system including risk assessment and
  control are appropriate and effective; to ensure that the Company
  complies with the regulations and other relevant laws, and to review
  any possible conflict of interest in the transaction between the
  company related parties.

  The Audit Committee had 4 meetings in year 2008 to perform the duties
  assigned. The major topics are:

1.  Reviewed the Company and subsidiaries’ financial statements prior to
    submission to the Board of Directors. After due considerations with
    the external auditors and the management, it is the opinion of the
    Committee that the financial statements were prepared in accordance
    with accounting standards with sufficient and accurate disclosure of
    material information.

2.  Considered and recommended an appointment of Ms. Vissuta
    Jariyathanakorn, from Ernst and Young Office Limited, as external
    auditor and recommended the yearly audit fee to the Board of
    Directors for proposing to the Shareholders Meeting.

3.  Approved yearly budget of the Internal Audit Department, reviewed
    annual internal audit plan and its processes, which are part of the
    Company’s administrative policy, and agreed to revise a written
    charter, policy, and procedure for internal audit works to comply
    with working criteria of international standard.

4.  Considered transactions with connected parties and the disclosure of
    information concerning the transactions with connected parties and
    transactions for acquisition or disposition of assets.

5.  Engaged one of the big 4 of international audit firm to review and
    revise documents concerning internal audit functions; i.e. audit
    committee charter and internal audit charter and to assess, identify
    and prioritize organization risks as well as the formulation of the
    18-months internal audit plan. In addition, the Audit Committee has
    approved one additional full time equivalent internal audit manager,
    and their relevant budget. Those activities were to increase
    internal audit efficiency.

6.  Reviewed and acknowledge the reports from the Company’s internal
    auditors and provided suggestions to the Board of Directors and
    management in relation to good corporate governance and internal
    control. The Committee also focused on the holding of the annual
    general meeting appropriately in accordance with the guidelines
    given by the Stock Exchange of Thailand, the compliance with
    regulations, procedures, and rules as prescribed by the laws as well
    as the adequacy and effectiveness of risk assessment and risk
    prevention activities of each division and of the organization. The
    Committee is of the opinion that the internal control systems are
    adequate and appropriate to prevent risks from operation of the
    business pursuant to the Company’s policies and strategies.

  The Audit Committee has performed its assigned duties with care and at
  its fullest ability for the benefit of the Company, the shareholders
  and all the stakeholders.

  Miss Sophavadee Uttamobol

  Chairperson of Audit Committee

  25 February 2009