NOTE ON THE LIQUIDATION OF BANGCHAK POWER

(Translation). 1600 / 101 / 1999 November 24, 1999. The Stock Exchange of Thailand. 62, Ratchadapisek Road, Klongtoey, Bangkok 10110. Attention : President of The Stock Exchange of Thailand. Subject : ote on the liquidation of The Bangchak Power Co.,Ltd. Dear sir, The Bangchak Petroleum Public Company Limited has been notified by the Bangchak Power Company Limited (Bangchak holds 40% of its stake) that, as for the Bangchak's shareholder meeting resolution on the liquidation of the Bangchak Power Company Limited, the Bangchak Power Company Limited has already filed for the business termination and been under the process of the liquidation. Please be informed accordingly. Yours sincerely, (Mr. Rabil Pornpatkul) Senior Manager, Corporate Planning Office Corporate Planning Office. Tel : 301