21 November 2011

Investment in Perstorp Holding France SAS

(Translation) Ref. No. PTTGC/ 093 /2011 November 21, 2011 Subject: Investment in Perstorp Holding France SAS Attention: President The Stock Exchange of Thailand PTT Global Chemical Public Company Limited ("the Company") would like to inform that the Board of Directors at the meeting no. 3/2011 held on November 14, 2011 approved the resolution to purchase shares in Perstorp Holding France SAS ("Perstorp Holding France") through its subsidiary with an initial investment of 51% ownership, approximates to investment capital of Euro 114.8 million (approximately baht 4,830 million). However, the transaction is subject to employee consultations in accordance with national legislations of France, the conditions precedent in the definitive agreements, and approval from other related authorities prior to the shares purchase. The Company would like to notify that Perstorp Holding France is an owner of technology and a major manufacturer of isocyanates in Europe and Asia, particularly in Toluene diisocyanate (TDI), Hexamethylene diisocyanate (HDI) and Derivatives which are major feedstocks in the manufacturing of polyurethane (PU) with its main characteristics for the usage of foams and coatings in automobile and construction industry. In this regard, the company foresees that such investment would be a strategic move into the high volume specialty downstream business that enhances higher value with sizeable market following the Company's strategic directions. The transaction is not a connected transaction and the size of the transaction is exempted from being disclosed under the rule, procedures and disclosure of information concerning the acquisition and disposition of assets of listed companies, but this report is in accordance with the disclosure of investment in a joint venture company with a proportion of 10% or more of its paid up capital. Please be informed accordingly Yours sincerely, (Veerasak Kositpaisal) Chief Executive Officer Corporate Finance and IR Department Tel. +66 (0) 2 265 8421, +66 (0) 2 2658574, +66 (0) 2 2658712 ______________________________________________________________________