Dividend payment &Shareholder's Annual General Meeting1/2004

No. EGCO 110/148 Date : March 22, 2004 Attn : President of the Stock Exchange of Thailand Subject:Dividend payment and the Shareholder's Annual General Meeting No.1/2004 The Board of Directors of the Electricity Generating Public Company Limited (EGCOMP) at the Meeting No. 3/2004, held on March 19, 2004, passed the following resolutions: 1. To propose the Shareholders' Annual General Meeting No.1/2004 that the dividend payment for the 2nd-half-year operation of the year 2003 should be Baht 1.50 per share. When accumulated with the interim dividend for the 1st-half-year operation of the year 2003 which was paid at Baht 1.25 per share on September 22, 2003, the total dividend for the operating results from January 1 to December 31, 2003 will be equal to Baht 2.75 per share. 2. The Shareholders' Annual General Meeting No. 1/2004 will be held on April 26, 2004 at 10.30 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 No. 1/2004 will be as follows: 3.1 To consider and approve the Minutes of the Shareholders' Extraordinary General Meeting No. 1/2004 held on February 23, 2004. 3.2 To consider and approve the Board of Directors' Annual Report for year 2003 and to acknowledge the payment of the interim dividend 3.3 To consider and approve the Balance Sheet and Statement of Income (Loss) as at December 31, 2003. 3.4 To consider and approve the appropriation of net profit and the payment of dividend. 3.5 To consider the appointment of the auditors and determine the audit fee. 3.6 To consider and approve the amendment to article 36 (3) of the company's Articles of Association; - To amend article 36 (3) to conform with the notification of the Stock Exchange of Thailand. 3.7 To consider the election of Directors to replace the retiring Directors and to 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 April 5, 2004 at 12.00 a.m. until the adjournment of the meeting. The dividend should be paid to the shareholders on May 12, 2004. Additional, the Company would like to report the followings ; 1. The appointment of Mr. Rick Truscott to replace Mr. Andrew J. Pickering with effect on March 19, 2004 2. The appointment of Mr. Michael Irl Nikkel to be SEVP-New Business Ventures to replace Mr.Kenneth W. Oberg, whose engagement contract would end on March 31, 2004, with effect on April 1, 2004. Please be informed accordingly. Yours sincerely, Somyos Polchan Senior Executive Vice President - Asset Management and Planning Acting President Corporate Secretary Division Tel 02-998-5020-6