SIGNING ON PPA BETWEEN ROI ET GREEN & EGAT

No. EGCO 410/466 Date : October 22, 2001 Attn : President of the Stock Exchange of Thailand Subject: Signing on Power Purchase Agreement between Roi Et Green & EGAT Electricity Generating Public Company Limited (EGCOMP) jointly holds stakes in EGCO Green Energy Co., Ltd. (EGCO Green) with Electric Power Development Co., Ltd. (EPDC) in the proportion of 74% and 26%, respectively. In accordance with the National Energy Policy Office (NEPO) to support Biomass Projects, EGCO Green was established with the purpose to invest in the Biomass Projects, which also help to decrease the import of fuel with the environmental friendliness. Subsequently, EGCO Green and Sommai Rice Mill Co., Ltd. jointly established Roi Et Green Co., Ltd.(Roi Et Green) with the shareholding proportion of 95% and 5%, respectively. Roi Et Green conducts the Biomass project in Roi Et province. EGCOMP would like to inform the Stock Exchange of Thailand (SET) that the 21-year Power Purchase Agreement, commencing on April 1, 2003, between Roi Et Green and Electricity Generating Authority of Thailand was signed on October 22, 2001. Its contracted capacity is 8.8 MW. Furthermore, EGCOMP would like to inform the SET that as the current market situation, interest rate trend and the remaining sluggish global economy, EGCOMP has implemented hedging transaction via interest rate swap to minimize the cost of funding of the 5-year amortized unsecured debenture No. 1/1999 worth Baht 5,000,000,000 at 8% fixed coupon rate with the maturity date on October 21, 2004 by using the floating rate regime. For the first hedging on October 21, 2001, the Thai Baht floating rate was assigned at 6% p.a., which reduced the funding cost from the first hedging by 2% p.a. Yours sincerely, Sitthiporn Ratanopas President & CEO