THE ALLOTMANT OF WARRANTS TO EMPLOYEES IN THE FOURTH YEAR

No. EGCO 310/716 Date : November 22, 1999 Attn : The President of the Stock Exchange of Thailand Subject : The allotment of warrants to employees in the fourth year According to the resolution of the Shareholders Extraordinary Meeting No. 1/1995 of Electricity Generating Public Company limited (EGCOMP) held on August 22, 1995, 10 million warrants were approved to issue and offer to employees of EGCOMP and its subsidiaries within a 5 year life of project. One warrant is entitled to purchase one ordinary share at price of Baht 30 apiece. In addition, the Board of Directors of EGCOMP was authorized to amend criteria and conditions and to fix details relating to the issue and offer of warrants. EGCOMP has already issued 1,327,100 warrants on February 28, 1997 in the first year, 1,482,100 warrants on April 1, 1998 in the second year and 1,608,700 warrants on March 29, 1999 in the third year. The Board of Directors at the meeting No. 11/2542 held on November 22, 1999 passed the resolution to allot 1,525,900 warrants to EGCOMP and its subsidiaries' employees in the fourth year. The exercise date is set to be on April 17, 2000 or one year from the issuing date. EGCOMP will later file the registration statement to the Office of Securities and Exchange Commission. Sincerely yours, Worawit Khamkanist Managing Director