CLARIFICATION ON NEWS

( Translation) 1600 / 033 / 2544 May 14, 2001 The Stock Exchange of Thailand 62, Ratchadapisek Road, Klongtoey Bangkok 10110 Attention : President of The Stock Exchange of Thailand Subject : Clarification on News As reported in some newspapers regarding the Merging plan between the BCP refinery and the Thai oil refinery. The Bangchak Petroleum Public Company Limited (BCP) would like to inform that our company does not attain any details and also has not been contacted by any involved organizations. Please be informed accordingly. Yours sincerely (Mr. Pisespong Sasanavin) Manager, Corporate Planning Office Corporate Planning Office Tel: 301-2842