THE PREPARATION TO HANDLE Y2K AS OF JUNE 30,1999

Form 57 (Y2K) Report of the preparation to handle the Year 2000 Problem The Electricity Generating Public Company Limited (EGCO) , a holding company, holds 99.99% stake in both the Rayong Electricity Generating Company Limited and the Khanom Electricity Generating Company Limited which generate and supply electricity to The Electricity Generating Authority of Thailand (EGAT) as well as holds shares in other subsidiaries and affiliated companies which do electricity related business and other business. The head office is located at 222 EGCO Tower, Vibhavadi Rangsit Road, Laksi, Bangkok 10210 Tel. 955-0955 Fax. 955-0956-7. EGCO would like to issue the preparation to handle the Year 2000 problem report No. 5 as of June 30th , 1999 The preparation to handle the Year 2000 problem 1. The shift of steps to solve the Year 2000 problem The EGCO and subsidiaries will shift the Contingency Plan from June 1999 to August 1999. Because the contingency plan for power plant has to be in line with the EGATs contingency plan. 2. The current status of the Year 2000 problem solving The following is the progress report as of June 30th ,1999 which compares with the schedule plan: 1 9 9 8 1 9 9 9 M J J A S O N D J F M A M J J A S The preparation to handle the year 2000 problem 1. Awareness = 2. Assessment Computer Systems = = = = Business Application System = = = = Office Automation System = = = = Power Generation System = = = = Plant Maintenance Systems = = = = Fuel Supply System = = = = Transmission System = = = = External Information System = = = = 3. Renovation and Validation = = = = = = 4. Implementation = = = = = = = - - - 5. Contingency Plan = = = = = = - - - : Plan = : Action The following is the details of the Year 2000 problem solving: System Awareness Assessment Renovation Implemen- Expense Remark &Validation tation (Baht) Target on Target on Target on Target on Jun 98 Sep 98 Jan 99 Sep 99 Computer Systems On -Computer Hardware / / / % 33,150 schedule -Operating Systems / / / % 763,686 -Database Management / / / % System -Data communication / / / % Network LAN,WAN Business Application On System process -Lotus Notes / / / / -SAP / / % % Office Automation / / / % On System schedule Power Generation / / / % REGCO On System 1,898,268(Consultant) schedule 36,791,596 (Equipment) KEGCO 680,000 (Consultant) 8,500,000(Equipment) Fuel Supply System / / / / Certified by PTT Transmission System / / / / Certified by EGAT External Information / / / % On System schedule Traveling and Training/Seminar EGCO 125,505 about the Year 2000 Problem REGCO 25,950 KEGCO 49,470 Total Expense (Baht) 172,829 722,721 15,200,635 32,771,440 48,867,625 Total Expense (Baht) for EGCO 125,505 763,686 889,191 Total Expense (Baht) for REGCO 25,950 700,000 6,700,635 31,289,229 38,715,814 Total Expense (Baht) for KEGCO 21,374 22,721 8,500,000 718,525 9,262,620 / : 100% completed % : In progress 3. Management Discussion and Analysis As of June 1999, the company is in the Implementation phase. For business application SAP has to be in the process of Renovation and Validation again.Because the supplier recommended to upgrade to the minimum supported version for the system environment. The actual expenditure is about 75% of the whole budget. (Budget is about 66 million baht and actual is about 50 million baht) Next, the Implementation phase and the contingency plan will be completed within the plan schedule. The certification of the Year 2000 problem solving information We hereby certify that all information in this report is complete and accurate, not misleading or not lacking in significant information which may prejudice shareholders or investors. In this case, we have assigned Mr. Worawit Khamkanist to affix his signature on every page of all certified documents in order to be the evidence as the same series. If any document is not signed by Mr. Worawit Khamkanist , we assume that such document is not certified. Name Position Signature Mr.Djakkrit Puranasamriddhi Chairman of the Board of ____________________ Directors and Independent Director Name Position Signature Mr. Worawit Khamkanist Managing Director and ____________________ (Appointee) Chairman of The Year 2000 Problem Solving Steering Committee The certification of the Year 2000 problem solving information We hereby certify that all information in this report is complete and accurate, not misleading or not lacking in significant information which may prejudice shareholders or investors. In this case, we have assigned Mr. Worawit Khamkanist to affix his signature on every page of all certified documents in order to be the evidence as the same series. If any document is not signed by Mr. Worawit Khamkanist , we assume that such document is not certified. Name Position Signature Mr.Sirin Nimmanahaeminda Independent Director ____________________ Name Position Signature Mr. Worawit Khamkanist Managing Director and ____________________ (Appointee) Chairman of The Year 2000 Problem Solving Steering Committee The certification of the Year 2000 problem solving information We hereby certify that all information in this report is complete and accurate, not misleading or not lacking in significant information which may prejudice shareholders or investors. In this case, we have assigned Mr. Worawit Khamkanist to affix his signature on every page of all certified documents in order to be the evidence as the same series. If any document is not signed by Mr. Worawit Khamkanist , we assume that such document is not certified. Name Position Signature Mr. Boonshai Jiwalai Independent Director ____________________ Name Position Signature Mr. Worawit Khamkanist Managing Director and ____________________ (Appointee) Chairman of The Year 2000 Problem Solving Steering Committee The certification of the Year 2000 problem solving information We hereby certify that all information in this report is complete and accurate, not misleading or not lacking in significant information which may prejudice shareholders or investors. In this case, we have assigned Mr. Worawit Khamkanist to affix his signature on every page of all certified documents in order to be the evidence as the same series. If any document is not signed by Mr. Worawit Khamkanist , we assume that such document is not certified. Name Position Signature Mr. Chaiwat Wongwattanasan Director ____________________ Name Position Signature Mr. Worawit Khamkanist Managing Director and ____________________ (Appointee) Chairman of The Year 2000 Problem Solving Steering Committee (More)