XPLAINS FOR INVESTING IN SUBSIDIARY

Electricity Generating Plc explained for additional investments in Ego Mining Business Co, Ltd earlier reported along the 11/1997 board resolutions as follows: After Ego Mining raised registered capital from Bt50 m to Bt200 m by issuing 15 m shares at the price of Bt10 each, EGCOMP would purchase 12 m units at par value called for 33% repaid at the first place responsible for Bt3.3 per share or totalling to Bt39.6 m. The other would be paid later on. Then, EGCOMP's holding proportion would rise from 40% to 70% This was not disposition/acquisition of listed company's asset nor connected transaction.