(Translation) No: 01-071/2013 February 15, 2013 Subject: Submission of the Financial Statements for the year ended December 31, 2012 and the Management's Discussion and Analysis (MD&A) of PTT Global Chemical Public Company Limited and its Subsidiaries To: President, The Stock Exchange of Thailand Attachment: 1. A copy of audited financial statements of PTT Global Chemical Public Company Limited (the "Company") and its Subsidiaries for the year ended December 31, 2012 and audited report of certified public accountant, with a copy of English translation 2. Company's and its Subsidiaries performance report (Form F45-3) 3. Management's Discussion and Analysis (MD&A) and operating results of the Company and its Subsidiaries for the year ended December 31, 2012 We are pleased to submit audited financial statements for the year ended December 31, 2012 of the Company and its Subsidiaries, which were audited by our external auditor, KPMG Phoomchai Audit Ltd., were reviewed by the Company's Audit Committee, and were considered by Company's Board of Directors (details as per Attachment 1 and 2). The Company has also provided the Management's Discussion and Analysis (MD&A) on the operating results of the Company for the year ended December 31, 2012, comparing with the year 2011. In addition, a report comparing the financial status as of December 31, 2012 with December 31, 2011 is also attached herewith (Attachment 3). However, the Company and its subsidiaries was formed by the amalgamation between PTT Chemical Public Company Limited and PTT Aromatics and Refining Public Company Limited and registered as a new entity on October 19, 2011. As a result, the audited financial statements represented the performance only for the period of October 19, 2011 to December 31, 2011. Therefore, for the Company's and its subsidiaries performance analysis purpose, the Company prepared unaudited Pro-forma consolidated financial statements for year 2011. ? In 2012 the Company and its subsidiaries had a net profit of 34,001 million Baht, increased 13% from year 2011 with earning per share (EPS) of 7.54 baht per share. The performance can be summarized as follows: Table: Performance summary (Unit: Million Baht) 2012 2011 % + /(-) 4Q/2012 Sale Revenue 562,811 500,305 12% 144,595 EBITDA 55,879 54,423 3% 16,281 Net Profit 34,001 30,033 13% 10,388 Adjusted EBITDA* 55,045 48,920 13% 16,312 EPS (Baht/Share) 7.54 6.66 13% 2.3 Dividend Paid (Baht/Share) 3.40** 2.98 14% Note: * Adjusted EBITDA refers to EBITDA excluding impact of inventory value (excludes Inventory and NRV) and excluding impact of commodity hedging ** The Board of Directors of PTT Global Chemical Public Company Limited (PTTGC) at the Meeting No. 2/2013 held on February 15, 2013, passed the resolution to propose the 2013 Annual General Meeting of Shareholders for approval on the dividend payment for the year 2012 operating performance of Baht 3.40 per share or 45% of the net profit, of which Baht 0.95 per share was paid as an interim dividend on September 19, 2012 and the final dividend payment will be Baht 2.45 per share. However, the right to receive dividend is subject to the approval of Shareholders at the 2013 Annual General Meeting. In 2012, Company's financial performance improved from previous year as supported by overall production and sales increase i.e. Olefins's utilization rate in 2012 was at 88%, increased from previous year at 80% due to increasing gas flow as feedstock. MEG utilization rate increased to 88% from 65% in previous year. The increase was also supported by price increase. Dubai crude averaged at 109 USD/BBL, increased from previous year by 3% and major petroleum products spreads slightly decreased. As a result, market GRM was 4.7 USD/BBL, decreased from 4.9 USD/BBL in previous year due to the increased portion of condensate residue feedstock. Market P2F for Aromatics business unit was 257 USD/ton, increased by 42% from previous year as mainly contributed from a significant increase in BZ spread over its feedstock. Regarding Olefins and Olefins Derivatives business unit, HDPE and LLDPE prices slightly increased whereas LDPE decreased significantly. However, volume-driven factor contributed to a better performance than previous year although there was an adjustment in gas feedstock formula with PTT PCL in August 2012. In addition, PTTGC pursued strategic action plans in accordance with Company's strategies to achieve various Excellence Programs i.e. increased plants efficiency, introduced various grades of polymers products that matched customers' needs, increased market share, and pursued synergy value after amalgamation. The Company's adjusted EBITDA increased by 13% compare to previous year. Please be informed accordingly. Sincerely yours, (Anon Sirisaengtaksin) Chief Executive Officer Corporate Finance and Investor Relations Tel. +662 265 8421, +662 265 8574, +662 140 8712-14 ______________________________________________________________________ This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.