ข่าวแจ้งตลาดหลักทรัพย์

(Translation) 1600 / 071 / 1999 August 13, 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 June 30, 1999). Bangchaks Preparation for the Y2K Compliance: Second 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 In the first quarter of 1999, Bangchak has completed the work step 1 to step 4. For the work step 5, the contigency plan, the most significant work of the critical system has been completed in the second quarter of 1999 expect the PC programming part which is developped to support marketing and distribution line as a contigency plan is scheduled to complete by the third quarter of 1999. II. Progression As of the Second Quarter of 1999, the project progression is 99% 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 5 100 99 III. Situation Analysis and Management View The project execution for the Year 2000 Compliance from the first quarter of 1997 to system has been the first quarter of 1999 for all critical systems were completed as scheduled. For the Contingency plan, the most significant work of critical system has been completed in the second quarter of 1999 expect the few work will be proceeded in the third quarter of 1999. It means the Year 2000 Compliance project will complete at 100% in the third quarter of 1999. (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. Sirichai Sakornratanakul Director ............ 9 Mr. Sommai Phasee Director ................. 10 Mr. Anan Nadtasomboon Director.................. 11 Mr. Sophon Suphapong Director and Secretary to ............... the Board of Directors Name Position Signature Attorney Mrs. Saisunee Sangnimnuan Manager .......................