THE PURCHASE OF THE REMAINING 50<TAKE IN GULF

No. EGCO 310/255 Date : June 5, 2001 Attn : President of the Stock Exchange of Thailand Subject: Clarification on the purchase of the remaining 50% stake in Gulf Reference is made to the news on Kaohoon dated June 5, 2001 stated that Electricity Generating Public Company Limited (EGCOMP) will purchase the remaining 50% stake in Gulf Electric Public Company Limited from Lanna Lignite Public Company Limited. EGCOMP would like to clarify the Stock Exchange of Thailand that the mentioned statementis false. Yours sincerely, Dr.Siwanan Na Nakorn Vice President - New Business Ventures Acting for President