ข่าวแจ้งตลาดหลักทรัพย์

(Translation) 1600 / 040 / 1999 May 14, 1999 Subject : Report on the status of the year 2000 compliance project. Form 57 (Y2K) Attention : President of the Stock Exchange Thailand Attachment : 1. Report on the status of the year 2000 compliance project. Form 57 (Y2K) 2. Righting confirmation form (as attached) Dear sir , As SET informed Bangchak Petroleum Public Company Limited to submit a report on the status of the year 2000 compliance project together with quarterly financial statements, and have all directors signatures in the righting confirmation form, also have authorized directors signed and sealed in each page for confirmation all information provided. The company would like to submit the report and the righting confirmation form that have the other directors signatures. (as attachment) Please be informed accordingly. Yours sincerely, (Mr. Rabil Pornpatkul) Senior Manager, Corporate Planning Office Corporate Planning Office Tel : 301-2842 (TRANSLATION) Report of Year 2000 Compliance Project THE BANGCHAK PETROLEUM PUBLIC COMPANY LIMITED Business: Energy Head Office: 38 Srinakarin Road, Prawet, Bangkok 10260 Telephone: 301-2700 Facsimile: 301-2859 Report on the status of the Year 2000 Compliance Project, the fourth report (as of March 31, 1999). Bangchaks Preparation for the Y2K Compliance: First Quarter 1999 Progress I. Project Execution during the Last Quarter Bangchak Master Plan for Year 2000 Compliance project has been divided into five steps as follows : Step 1 : Overall Project Management Step 2 : Risk Analysis and Impact Assessment / Implementation and Validation Planning Step 3 : Implementation Step 4 : Validation Step 5 : Contingency Plan For the first quarter of 1999, the company has completed the two supporting systems as planned i.e. Oil Record and Human Resources Systems. This will make the work step 1 to step 4 been completed except the Contingency plan for critical systems which are scheduled to complete by the second quarter II. Progression As of the First Quarter of 1999, the project progression is 97% as shown below. WEIGHTING, % ACTUAL (OVERALL PLAN) PROGRESS, % 1. Overall Project 5 5 2. Risk Analysis and Impact Assessment 17 17 3. Implementation 60 60 4. Validation 12 12 5. Contingency Plan 6 3 100 97 III. Situation Analysis and Management View The project execution for the Year 2000 Compliance from the first quarter of 1997 to the first quarter of 1999 for all critical systems were completed as scheduled. For the Contingency plan, it is being accelerated and will be completed by the second quarter of 1999. YEAR 2000 COMPLIANCE PROJECT YEAR 1997 1998 1999 ACTION PLAN FOR COMPANY CRITICAL ITEMS QUARTER Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 1. Overall Project Management - Establish Y2K committee / Assign managers and team members +++ - Control plan and revise scheduling ++++++++++++++++++++++++++++++ 2. Risk Analysis and Impact Assessment A. IT Group - APPLICATION SOFTWARE / DATABASE +++ - NETWORK / OS / HARDWARE ++++ B. Non-IT Group +++ +++ C. Supply Chain +++++++ 3. Implementation A. IT Group - APPLICATION SOFTWARE / DATABASE + MARKETING & SALES ++++++++++ + ACCOUNTING / FINANCIAL ++++++++++++++++++++++++++ + OIL RECORD ++++++++++++++++ + HUMAN RESOURCE +++++++++++++++++ - NETWORK / OS / HARDWARE ++++++++ B. Non-IT Group +++ +++ 4. Validation A. IT Group - APPLICATION SOFTWARE / DATABASE +++++++++ - NETWORK / OS / HARDWARE ++++++ +++++ B. Non-IT Group ++++ ++++ 5. Contingency Plan A. IT Group +++ +++++++------- B. Non-IT Group (Refinery completed, Other systems in progress) ++++++++++++++++ C. Supply Chain ++++ ++ PLAN -- ACTUAL (TRANSLATION) Certificate of Correctness Report of Year 2000 Compliance Project FORM 57 (Y2K) The Bangchak Petroleum Public Company Limited by Board of Directors (hereinafter called the Company) have examined the statement in the report concerning to this Y2K Compliance Project (hereinafter called the Project) and certify that all are completed, accurate, true, and do not make others misunderstand, or lack the information in significance that may damage to shareholders, or stock exchange investors To be the evidence, all documents which have been certified by the Company, we empowered Mrs Saisunee Sangnimnuan (hereinafter called the Attorney) to have the authorized signature to sign in all documents concerning to the Project. All documents, without Attornys signature, shall not be deemed as a part hereof. Name Position Signature 1 Mr. Somchai Richupan Chairman ............................... 2 Mr. Chirayu Isarangkun na-Ayuthaya Director ............................... 3 Mr. Prasert Bunsumpun Director ............................... 4 Mr. Piyasvasti Amranand Director ................................ 5 Mrs. Puntip Surathin Director ............................... 6 Mr. Pichai Chunhavajira Director ................................ 7 Mr. Wanchai Thanittiraporn Director ............................... 8 Mr. Sommai Phasee Director ............................... 9 Mr. Anan Nadtasomboon Director ............................... 10 Mr. Sophon Suphapong Director and Secretary to the Board of Directors.............. Name Position Signature Attorney Mrs. Saisunee Sangnimnuan Manager ................................