ADDITIONAL NOTE ON LIQUIDATION OF BANGCHAK POWER

(Translation). 1600 / 103 / 1999 November 24, 1999. The Stock Exchange of Thailand. 62, Ratchadapisek Road, Klongtoey, Bangkok 10110. Attention : President of The Stock Exchange of Thailand. Subject : Additional note on the liquidation of The Bangchak Power Co.,Ltd. Dear sir, According to the notice of the liquidation of the Bangchak Power Company Limited revealed by The Bangchak Petroleum Public Company Limited, the Bangchak would like to declare additionally that the Bangchak Power had cancelled the project of power generation and steam production in the Bangchak's refinery because of to avoid the effect of the country economic crisis in 1997. And, there has been no future plan for the operation yet. The liquidation of the Bangchak Power generates no impact to the Bangchak since the Bangchak Power had never been operated. Please be informed accordingly. Yours sincerely, (Mr. Rabil Pornpatkul) Senior Manager, Corporate Planning Office Corporate Planning Office. Tel : 301-2842