"EGCOMP NEGOTIATES WITH TPI TO PURCHASE POWER PLANT"

No. EGCO 410/312 Date : July 11, 2001 Attn : President of the Stock Exchange of Thailand Subject: Clarification on "EGCOMP negotiates with TPI to purchase Power Plant" Reference is made to the news on Kaohoon dated July 11, 2001 stated that Electricity Generating Public Company Limited (EGCOMP) was interested in purchasing shares of Thai Petrochemical Industry Public Company Limited (TPI)'s power plant. EGCOMP would like to clarify the Stock Exchange of Thailand that EGCOMP has intention to participate in the bidding of TPI's power plant shares. However, the investment criteria will comply with EGCOMP's investment guideline and it must enhance shareholder value. Yours sincerely, Machima Kunjara Na Ayudhya Senior Executive Vice President - Finance and Administration Acting for President