Clarification on CLPPA's refusal to sell its stake in BLPC

No EGCO 110/595 Date: December 30, 2004 Attn: President of the Stock Exchange of Thailand Subject: Clarification on CLPPA's refusal to sell its stake in BLCP to EGCOMP We refer to the news in the newspaper dated November 29, 2004 regarding CLP Power Asia Limited (CLPPA)'s refusal to sell its stake in BLCP, a 1,346 MW coal fire power plant, to the Electricity Generating Public Company Limited (EGCOMP) EGCOMP would like to inform the SET that such BLCP transaction is under discussion and, cannot be disclosed until after to final conclusion based on the confidentiality agreement between EGCOMP and CLPPA, (which holds 100% of shares in CLP Power Projects (Thailand) Limited). In addition, EGCOMP would like to confirm that CLP is EGCOMP's strategic alliance. If the BLCP transaction between ECOMP and CLPPA is finalized, EGCOMP will promptly report to SET on the first occasion. Yours sincerely, Chalermchai Ratnarak President Corporate Secretary Division Tel. 0 2998 5020 - 27