SET Announcements

-translation- No. 1000 /138 /2549 May 16, 2006 Subject: Submit the Form of Report to the Exchange of the Results of the Sale of Shares Attention: President of the Stock Exchange of Thailand Attachment: Form of Report to the Exchange of the Results of the Sale of Shares According to the resolution of the Extraordinary General Meeting of The Bangchak Petroleum Public Company Limited No.1/2006 ("the Company") has approved for the allotment of the newly issued shares by offering to PTT Public Company Limited and specific investors and/or institutional investors, either domestic or foreign. Now the investors as above mentioned have subscribed the 428,092,940 newly issued shares of the Company at 14 Baht per share and have already paid up in full amount of 5,993,301,160 Baht. The Company would like to submit the Form of Report to the Exchange of the Results of the Sale of Shares as attachment enclosed. Please be informed accordingly. Yours sincerely, -signed- (Patiparn Sukorndhaman) Senior Executive Vice President Accouting and Finance Corporate Planning and Investor Relation Office Tel. 0-2335-4583 (F 53-5) Form of Report to the Exchange of the Results of the Sale of Shares The Bangchak Petroleum Public Company Limited ("Company") Date May 16, 2006 1. Information relating to the share offering Category of shares offered Ordinary Shares Number of shares offered 428,092,940 Shares Offered to 1) PTT Public Company Ltd. in the number of 280,680,000 Shares Price per share 14.00 Subscription and payment period -Subscription period 11 May 2006 -Payment period 16 May 2006 2) 4 specific investors and institutional investors in the total number of 147,412,940 shares comprising of 2.1) SOCIAL SECURITY OFFICE in the number of 14,285,700 shares 2.2) ASIA INSURANCE 1950 COMPANY LIMITED in the number of 1,000,000 shares 2.3) Ayudhya Allianz C.P. Life Pcl. in the number of 1,000,000 shares 2.4) Thai NVDR Company Limited ("TNVDR") in the amount of 131,127,240 shares and TNVDR offered Non-voting depository receipt on underlying shares of the Company in the same amount to foreign investors comprising of: 1) Deutsche Bank AG London Prime Brokerage in the amount of 10,727,240 units 2) HSBC BANK PLC in the amount of 27,000,000 units 3) ND Refineries Limited in the amount of 40,000,000 units 4) FC Petroleum Limited in the amount of 40,000,000 units 5) American Major Industry Fund LLC in the amount of 13,400,000 units Price per share 14.00 Subscription and payment period - Subscription period 8-9 May 2006 - Payment period 15 May 2006 2. Results of the sale of shares : [/] totally sold out [ ] partly sold out, with 0 shares remaining. The company will deal with the remaining shares as follows 3. Details of the sale Thai investors Foreign investors Total Juristic Natural Juristic Natural persons persons persons persons Number of persons 5 - - - 5 Number of shares subscribed 428,092,940 - - - 428,092,940 Percentage of total shares offered for sale 100 - - - 100 4. Amount of money received from the sale of shares Total amount 5,993,301,160.00 Baht Deduct advisory fee 45,939,970.00 Baht Paid-up capital registration fee 250,000.00 Baht Deduct others 4,400,000.00 Baht Net amount received 5,942,711,190.00 Baht The company hereby certifies that the information contained in this report is true and complete in all respects. Company's seal (Signed) (General Tawat Ked-Unkoon) Chairman (Signed) (Anusorn Sangnimnuan) Director