ADDITIONAL INFORMATION ON THE INCREASING PORTION INNAMTHUEN2

No. EGCO 310/559 Date : November 28, 2000 Attn : President of the Stock Exchange of Thailand Subject: Additional information on the increasing portion of EGCOMP in Nam Thuen 2 According to the information on the increase of Electricity Generating Public Company Limited (EGCOMP)'s portion in Nam Thuen 2 Hydroelectric Project by entering into Nam Thuen 2 Electricity Consortium (NTEC), EGCOMP would like to provide more information as follows: 1. Previously, EGCOMP purchased 20% stake of equity rights to invest Nam Thuen 2 Hydroelectric Project from Jasmine International Public Company (Jasmine) and Merrill Lynch Phatra Securities (MLP) in the amount of USD 13,500,000. 2. Subsequently, the Tariff Memorandum of Understanding between Electricity Generating Authority of Thailand (EGAT) and NTEC was signed on August 8, 2000, and the Power Purchase Agreement with EGAT is expected to be signed by the end of 2000. This progress results in a decrease of project's major risks. Therefore, EGCOMP decided to increase its portion by purchasing 5% stake of equity rights from Transfield Pty Ltd (Transfield) in the amount of USD 4,875,000. Nevertheless, the increased portion is subjected to the government of Lao PDR's approval. Although the purchasing value of equity rights from Transfield is relatively higher than the amount EGCOMP acquired from Jasmin and MLP, EGCOMP will have increased influence significantly on the new established company. Moreover, the higher purchasing value is a minimal portion of total project investment cost. Furthermore, the investment rate of return still complies with EGCOMP's investment guideline. 3. EGCOMP will have an additional installed capacity of 50 MW equity; thus, EGCOMP will have a total of 265 MW equity from Nam Theun 2 Hydroelectric Project. Yours sincerely, Sitthiporn Ratanopas Managing Director