THE RESIGNATION AND APPOINTMENT OF DIRECTORS

No. EGCO 350/517 Date : December 16, 2002 Attn : President of the Stock Exchange of Thailand Subject: The resignation and appointment of Directors Electricity Generating Public Company Limited (EGCOMP) would like to inform the Stock Exchange of Thailand (SET) that Mr. Kenneth Warren Oberg, Director of EGCOMP's Board of Directors, resigned his directorship, effective on December 16, 2002. Therefore, the Board of Directors at the meeting No.8/2002, held on December 16, 2002, appointed Mr. Richard McIndoe to replace Mr. Kenneth Warren Oberg, effective as of December 16, 2002. Yours sincerely, Mr.Kraisi Karnasuta President