SALE OF A BLOCK OF SHARES IN EGCOMP

No. EGCO 310/294 Date: July 17, 1998 Attn: The President of the Stock Exchange of Thailand Subject: Sale of a Block of Shares in EGCOMP Reference to our letter dated on 2 July 1998, CLP Power International Limited was selected as preferred bidder offering the highest price USD 239,966,012 (approximately Baht 126 per share). Now EGAT's Board meeting has approved the result of EGCOMP shares' Bidding by selling 78 million EGCOMP shares (14.9%) to CLP Power Projects (Thailand) Limited (the wholly-owned 100% subsidiary of CLP Power International Limited) as selected Final Short Listed Bidder. In addition, EGAT signed the Shareholders Agreement and the Shares Purchase Agreement with CLP Power Projects (Thailand) Limited, EGCOMP signed the Joint Development Agreement with CLP Power International Limited. The payment of equivalent to Thai Baht 9,828 Mil Baht and transfer of endorsed Share Certificate date will be on 23 July 1998. Sincerely yours, Worawit Khamkanist Managing Director