SELLING THE BCP'S STAKE IN RELATED COMPANY

1600 / 074 / 2001 December 21 , 2001 The Stock Exchange of Thailand 62, Ratchadapisek Road, Klongtoey Bangkok 10110 Attention : President of The Stock Exchange of Thailand Subject : Selling the BCP's Stake in Related Company : The Bangchak Petroleum Public Company Limited (BCP) board of directors meeting No. 15/2001 held on December 21, 2001 has passed a resolution to inform the Company's selling of its entire holding of 49%, 490 shares in Bangchak Greenline Co., Ltd. to Bangchak Greennet Co., Ltd. at the book value as of November 30, 2001 (BHT. 3.5 million or equaling to 7,143 Baht per share). Thus, the Company would no longer hold any share in Bangchak Greenline Co., Ltd. Please be informed accordingly. Yours sincerely (Mr. Kiatchai Maitriwong) Senior Manager, Corporate Planning Office Corporate Planning Office Tel: 0-2301-2772