CAPITAL UTILISATION REPORT AS AT JUNE 30,1998

No. EGCO 310/303 Date : July 22, 1998 Attn : President of the Stock Exchange of Thailand Subject : EGCOMP's Capital utilisation report as at June 30, 1998 Reference to our letter dated January 29, 1998, Electricity Generating Public Company Limited (EGCOMP) informed the utilisation of proceeds as at December 31, 1997. We would like to report the balance of the capital as at June 30, 1998 as follows : Balance as at December 31, 1997 Bt 2,910,393,195.38 Less :Investment in EGCO Joint Ventures and Development Co., Ltd. Bt 91,700,000.00 Investment in EGCO Engineering and Service Co., Ltd. Bt 40,000,000.00 Investment in EGCO Mining Co., Ltd. Bt 40,800,000.00 Construction of Head Office Bt 115,683,356.10 Balance as at June 30, 1998 Bt 2,622,209,839.28 Sincerely yours, Worawit Khamkanist Managing Director