CAPITAL UTILISATION REPORT AS AT DECEMBER 31,1999

No. EGCO 310/040 Date : January 27, 2000 Attn : President of the Stock Exchange of Thailand Subject : EGCOMP's Capital utilisation report as at December 31, 1999 Reference to our letter dated July 29, 1999, Electricity Generating Public Company Limited (EGCOMP) informed the utilisation of proceeds as at June 30, 1999. We would like to report the balance of the capital as at December 31, 1999 as follows : Balance as at June 30, 1999 Bt 2,194,212,236.28 Less : Investment in EGCOM Tara Co., Ltd. Bt 241,500,000.00 Construction of Head Office Bt 82,340,778.00 Balance as at December 31, 1999 Bt 1,870,371,458.28 Sincerely yours, Worawit Khamkanist Managing Director