SET Announcements

(Translation) 1600 / 014 / 2543 March 20, 2000 The Stock Exchange of Thailand 62, Ratchadapisek Road, Klongtoey Bangkok 10110 Attention : President of The Stock Exchange of Thailand Subject : The guideilne of BCP share selling The State Enterprise Policy Committees meeting held on March 17, 2000 had considered and having a resolution on guideline of The Bangchak Petroleum Company Limited (BCP) shares selling as follow. In order to privatize the company, the capital increase of maximum 250 million new shares with 39.34 million BCP shares currently held by the Petroleum Authority of Thailand (PTT) would be sold simultaneously to publics and general investors, with prices set at prevailing market rates which may be lower than the par value. However,PTT will have the option of not to sell the shares if the price is unfavorable. If so, then BCP shares currently held by the Finance Ministry and/or Krung Thai Bank (KTB) would be sold instead. The Companys Board of Directors, the existing Shareholders,and The Financial Advisors will consider about the number and price of the shares to be sold under the above guideline. Please be informed accordingly. Yours sincerely Rabil Pornpatkul Senior Manager, Corporate Planning Office Corporate Planning Office Tel: 301-2842