CLARIFICATION ON "EGCOMP MAY SPLIT SHARES TO BOOST TRADE"

No. EGCO 310/270 Date : June 15, 2001 Attn : President of the Stock Exchange of Thailand Subject: Clarification on "EGCOMP may split shares to boost trade" Reference is made to the news stated that Electricity Generating Public Company Limited (EGCOMP) may split its shares to boost the stock's liquidity. EGCOMP would like to clarify the Stock Exchange of Thailand (SET) as follows: The Draft of Public Limited Companies Act (Revised) was acknowledged by the Parliament. To be the good public companies, the listed companies in the SET including EGCOMP, are necessary to conduct an entire study on the rules and regulations under the Act, including pros and cons of the determination of new par value. After the consideration, the companies may reiterate the current value or determine the appropriate value on the basis of the shareholders' utmost benefit. Under the Act, there is no restriction to determine the minimum par value because the main objective is to allow the companies to be able to set the par value lower than the current one if they are confident that the benefit or added value will occur in many aspects. Thus, if the determination of EGCOMP's new par value, which may be lower or higher than the current value, is not only create the utmost benefit to its shareholders but also increase the market's liquidity, EGCOMP will consider to proceed aforementioned determination. Yours sincerely, Machima Kunjara Na Ayudhya Senior Executive Vice President Acting for President