CAPITAL UTILISATION REPORT AS AT JUNE 30,1999

No. EGCO 310/490 Date : July 29, 1999 Attn : President of the Stock Exchange of Thailand Subject : EGCOMP's Capital utilisation report as at June 30, 1999 Reference to our letter dated January 19, 1999, Electricity Generating Public Company Limited (EGCOMP) informed the utilisation of proceeds as at December 31, 1998. We would like to report the balance of the capital as at June 30, 1999 as follows : Balance as at December 31, 1998 Bt 2,318,196,525.28 Less : Investment in EGCO Engineering and Service Co., Ltd. Bt 20,000,000.00 Construction of Head Office Bt 103,984,289.00 Balance as at June 30, 1999 Bt 2,194,212,236.28 Sincerely yours, Worawit Khamkanist Managing Director