SET Announcements

TRANSLATION 1000 / 154 / 2005 August 18, 2005 Attention : President of The Stock Exchange of Thailand Subject : The information for BCP's topic in the newspapers. Due to the fact that a newspapers published news concerning the Bangchak Petroleum Public Company Limited, it mentioned about the Product Quality Improvement Project, which will reduce the fuel oil production from 30% to less than 10%, the project was expected approximately USD 250 million funding, which a part of it will come from the capital increment from the strategic partner, the PTT Public Company Limited, and financial investors, as well as, the other part will come from bank loans. Besides, the newspaper also mentioned about the informally appropriate share price for new share increment as well. The Company would like to give the information as follows : 1. The Company has plan to invest in Product Quality Improvement Project, which will decrease the fuel oil production from 30% to less than 10%. The final project cost will be known after the completion of EPC contractor bidding process, which is expected to be completed in the fourth quarter this year. For the sources of funds, it will be raised from both capital increment and bank loans. 2. In the part of capital increment, the Company is in the process of negotiation with the target strategic partner, which still do not reach the final conclusion and the final price of newly issued share will not be determined. 3. After the clarification of the capital increment and new strategic partner, the Company will propose to the Shareholder Meeting for the approval and immediately disclose to the investors through the SET, as well as, perform in accordance with the rules and regulations required by the SEC and SET Please be informed accordingly. Yours sincerely, - Signed - (Patiparn Sukorndhaman) Senior Executive Vice President Corporate Planning and Investor Relation Office Tel : 0-2335-4583