SHARE CAPITAL INCREASE OF TLP COGEN AND GEC

No. EGCO 310/145 Date : March 26, 2001 Attn : President of the Stock Exchange of Thailand Subject: Share capital increase of TLP COGEN and GEC Reference is made to the letters continuously informing The Stock Exchange of Thailand (SET) regarding the investment in TLP Cogeneration Company Limited (TLP COGEN) and Gulf Electric Public Company Limited (GEC). Electricity Generating Public Company Limited (EGCOMP) would like to inform about the share capital increase of TLP COGEN and GEC as follows: 1. Share capital increase of TLP COGEN According to the Credit Facilities Agreement, TLP COGEN is required to have total registered capital in the amount of Baht 1,060,000,000. Therefore, TLP COGEN has increased the registered capital of 56,000,000 shares at par value of 10 Baht/share on March 26, 2001. The call for the payment of the issued and paid-up share capital was 2.50 Baht/share or accounted for the total amount of Baht 140,000,000. In this connection, EGCOMP, which directly holds 40% stake in TLP COGEN, has paid the increased share capital of TLP COGEN totaling Baht 56,000,000. 2. Share capital increase of GEC The Board of Directors at its meeting No. 2/2001 held on March 26, 2001 passed the resolution to purchase 5,000,000 ordinary shares of GEC in the amount of Baht 50,000,000 in order to maintain its 50% stake in GEC. Therefore, EGCOMP holds 97,500,000 shares in GEC. The increased share capital is for the investment in Gulf Power Generation Project and GEC's working capital. As a result, the current issued and fully paid up share capital of GEC is Baht 1,950,000,000 from the total registered capital of Baht 5,000,000,000. Yours sincerely, Sitthiporn Ratanopas Managing Director