REPORTS ON USE OF PROCEEDS FROM CAPITAL INCREASE

Electricity Generating Plc (EGCOMP) would like to report on further uses of proceeds from capital increase after the previous report on uses as at June 30, 1996. The company said uses of proceeds as at December 31, 1996 were as follows: Balance of proceeds as of June 30, 1996 3,622,115,446.37 baht Less: Investment in EGCO Mining Business Co., Ltd. 23,999,952.00 baht Investment in Thai LNG Power Co., Ltd. 18,749,997.50 baht Investment in Amata-EGCO Power Co., Ltd. 83,442,477.50 baht Investment in EGCO Joint Venture & Developement Co 29,970,000.00 baht Spent for head office construction 20,400,350.70 baht Balance as of December 31, 1996 3,445,552,660.67 baht