INFORMS SIGNING CEREMONY ON APPOINTMENT OF LEAD UNDER

The Electricity Generating Plc. (EGCOMP) reports that the Kanorm Electricity Generating Co., Ltd (KEGCOMP), its 99.99% held subsidiary, will hold a signing ceremony on May 24, 1996, at 11.00 hrs at the Komut room on the 29th floor of Bangkok Bank Head Office at Silom. The ceremony is for the appointment of the co-lead underwriters and the underwriters of the tranch 1 of amortizing secured debenture to be matured in the year of 2011. Joining the ceremony are the 3 financial institutions which are Bangkok Bank Plc (BBL), Phatra Thanakij Finance and Securities Plc (PHATRA) and Finance One Plc (FIN1) as the co-lead underwriters and following 20 financial institutions as the underwriters: Bangkok Bank of Commerce Plc (BBC), Union Asia Finance Plc (UAF), Finance One Plc (S-ONE), Bangkok First Investment & Trust Plc (BFIT), Asia Securities Trading Co., Ltd.(AST), Multi-Credit Corporation of Thailand Ltd.(MCC), Nava Finance & Securities Co.,Ltd.(NAVA), Thai Investment And Securities Co.,Ltd.(TISCO), Wall Street Finance & Securities Plc(WALL), Indosuez Bank, City Corp Finance & Securities (Thailand) Co.,Ltd., Akapat Finance & Securities Plc, Kiatnakin Finance & Securities Co.,Ltd., Asia Credit Plc (AC), Dhana Siam Finance & Securities Plc (DS), National Finance & Securities Plc (NFS), Capital Securities Co.,Ltd.(CS), Nithipat Finance & Securities Plc (NPAT), J.F. Thanakorn Securities Co.,Ltd., First Bangkok City, Finance Co.,Ltd. (FBCF) A 750,000 units of this amortizing secured debenture - tranch 1 will be offered to public and financial institutions at the price of Bt1,000 apiece valued at Bt7,500 million. An amount of principal and an equal amount of interest will be paid to the holders for each period. The debenture's maturity is 15 years from the issued date. Principal and interest's payment will be made twice a year. The issued date is set to be June 14, 1996 and thus, the maturity date of the debenture will be on June 14, 2011. The coupon rate is 11.5625% annually. Said debenture is rated at AA+ level by the Thai Rating Information Services (TRIS). The fund obtained from this debenture issuance will be used partly to invest in purchasing the Kanorm Power Plant from the Electricity Generating Authority of Thailand (EGAT) with the expected transfer date of June 19, 1996.