NOTICE IS HEREBY GIVEN that an Extraordinary General
Meeting of the shareholders of China Aviation Oil (Singapore)
Corporation Ltd (the "Shareholders") will be held at Meeting
Room 307, Level 3, Suntec Singapore International Convention
& Exhibition Centre, 1 Raffles Boulevard, Suntec City, Singapore
039593 on 23 September 2002 at 10.30 a.m. for the purposes
of considering and, if thought fit, passing the following as
resolutions with or without any modification, the following
resolution:-

AS ORDINARY RESOLUTION 1

That:-

(a) The acquisition of a 5% equity interest in Compania
Logistica de Hidrocarburos CLH, S.A. ("CLH") comprising
3,502,923 registered voting shares of Class C of par value
Euro 1.20 each for an aggregate consideration of up to S$116.2
million (the "Acquisition") and in accordance with the terms
and conditions of the Memorandum of Understanding dated
30 April 2002 be and is hereby ratified, confirmed and
approved; and

(b) any director of the Company be and is hereby authorised
to do all such further acts and execute such further
documents which in their opinion may be necessary,
desirable or expedient to give effect to the Acquisition.

By Order of the Board


Adrian Mark Chang Choon Siew
Company Secretary
30 August 2002

Notes:-
(a) Every Shareholder entitled to attend and vote at the
Extraordinary General Meeting is entitled to appoint not
more than two proxies to attend and vote on his behalf. A
proxy need not be a shareholder of the Company.

(b) The instrument appointing a proxy must be deposited at
the registered office of the Company at 8 Temasek
Boulevard #31-02, Suntec Tower Three, Singapore 038988
at least 48 hours before the time set for the Extraordinary
General Meeting or any postponement or adjournment
thereof.