CLARIFICATION ON THE MOU SIGNING CEREMONY NEWS

No. EGCO 310/312 Date June 15, 2000 Attn : The President of the Stock Exchange of Thailand Subject: Clarification on the Memorandum of Understanding signing ceremony News According to the news on the Memorandum of Understanding signing ceremony between Electricity Generating Public Company Limited (EGCOMP) and GMS Power Public Company Limited (GMS) for implementing the 1,500 MW Jinghong Power Project in the Republic of China in the amount of US$ 1,200,000,000. Furthermore, EGCOMP is negotiating to purchase the shares of Union Power Development Company Limited (Union Power) and there will be the joint venture between EGCOMP and Singapore Power International (Singapore Power). EGCOMP would like to clarify the fact as follows: 1. EGCOMP was an honorable guest in the Signing on Letter of Intent on Jinghong Project between GMS and Government of the Republic of China and GMS has invited EGCOMP to join this project. EGCOMP will consider whether EGCOMP should invest in this project. 2. There is no negotiation between EGCOMP and Union Power to purchase Union Power's shares. 3. Singapore power has invited EGCOMP to invest in Power Projects. EGCOMP is in the detail study process, however EGCOMP will be aware that there will not be conflict with CLP Power Projects (Thailand) Limited, the second major shareholder of EGCOMP whose major shareholder is Electricity Generating Authority of Thailand. Yours sincerely, Sitthiporn Ratanopas Managing Director