DIVIDEND PAYMENT & SHAREHOLDER'S ANNUAL GENERAL MEETING-2002

No. EGCO 350/088 Date : March 18, 2002 Attn : President of the Stock Exchange of Thailand Subject:Dividend payment and setting date of the Shareholder's Annual General Meeting for the year 2002 The Board of Directors of Electricity Generating Public Company Limited (EGCOMP) at the Meeting No. 2/2002, held on March 18, 2002 passed the following resolutions: 1.To propose the Shareholders' Annual General Meeting for the year 2002 that the dividend payment for the 2nd-half-year operation of the year 2001 should be Baht 1.25 per share. Due to the interim dividend for the 1st-half-year operation of the year 2001 was paid at Baht 1 per share on September 26, 2001, thus, the total dividend for the operating results from January 1 to December 31, 2001 is equal to Baht 2.25 per share (or approximately 40% of the earning per share and not less than Baht 2.00 per share as disclosed). 2.The Shareholders' Annual General Meeting for the year 2002 will be held on April 22, 2002 at 11.00 a.m. at the Auditorium, 9th Floor, EGCO Tower, 222 Moo 5, Vibhavadi Rangsit Road, Tungsonghong, Laksi, Bangkok. 3.The agenda for the Shareholders' Annual General Meeting for the year 2002 will be as follows: 3.1 To consider and approve the minutes of the Shareholders' Annual General Meeting No. 1/2001 held on April 30, 2001. 3.2 To consider and approve the Board of Directors' Annual Report on the Company' operations in the previous year and the Interim Dividend Payment. 3.3 To consider and approve the Balance Sheet and Statement of Income (Loss) as at December 31, 2001. 3.4 To consider and approve the appropriation of annual net profit and the payment of dividend. 3.5 To consider the appointment of the auditor and determine the remuneration. 3.6 To consider the amendment to article 18, 23 and 28 of the Company's Articles of Association. 3.7 To consider the election of directors to replace the retiring directors and determine the remuneration. 3.8 To consider other matters (if any). 4. The closing date of the shareholders registration book for the rights to attend the shareholders' Meeting and to receive the dividend will be on April 1, 2002 at 12.00 a.m. until the adjournment of the meeting. The dividend should be paid to the shareholders on May 10,2002. Moreover, EGCOMP would like to inform the Stock Exchange of Thailand that Danish tax legislation, effective in July 2001, eliminates the efficient tax structure of EGCO Energy International (Denmark) Limited Aps (EGCO Denmark), which is set up to get the benefit from the tax efficient structure for the investment in Conal Holding Corporation, Philippines. Therefore, the Board of Directors of EGCOMP passed the resolution to dissolve EGCO Denmark. Currently, EGCO Denmark has been in process of dissolution of the company. EGCO Denmark has filed for the dissolution since December 2001 and the process is expected to be complete in May 2002. Yours sincerely, Sitthiporn Ratanopas President & CEO