INCREASED CAPITAL UTILIZATION REPORT AS AT DEC 2000

No. EGCO 310/038 Date : January 30, 2001 Attn : President of the Stock Exchange of Thailand Subject : EGCOMP's increased capital utilization report as at December 2000 Reference is made to our letter No. 310/385 dated July 28, 2000, regarding the balance of the utilization of proceeds of Electricity Generating Public Company Limited (EGCOMP) as at June 30,2000 in the amount of Bt. 564,413,310.28. EGCOMP would like to inform that the balance of the proceeds has been used for investment in EGCO International (B.V.I.), Nam Thuen 2 Hydroelectric Project, Gulf Electric Public Company Limited in accordance with objectives of EGCOMP's increased capital utilization as stated to the Stock Exchange of Thailand. The increased paid up capital of EGCOMP as at December 31, 2000 has become exhausted accordingly. Yours sincerely, Sitthiporn Ratanopas Managing Director