(Translation) Ref. No. 01-296/2013 May 7, 2013 Subject: Submission of the Interim Financial Statements for the three-month period ended March 31, 2013 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 the Interim Financial Statements of PTT Global Chemical Public Company Limited (the "Company") and its Subsidiaries for the three-month period ended March 31, 2013 and reviewed 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 three-month period ended March 31, 2013 We are pleased to submit the Interim Financial Statements for the three-month period ended March 31, 2013 of the Company and its Subsidiaries, which were audited by our external auditor, KPMG Phoomchai Audit Ltd., and were reviewed by the Company's Audit Committee (details as per Attachment 1 and 2) and hereby prepared management's discussion and analysis (details as per Attachment 3). In 1Q/2013, PTT Global Chemical Public Company Limited ("the Company") reported net profit of 12,075 MB or 2.68 Baht/share, increased 23% from 1Q/2012 with net profit of 9,852 MB or 2.19 Baht/share and increased 16% from 4Q/2012 with net profit of 10,388 MB or 2.30 Baht/share. On January 10th, 2013, the Company's shareholding portion of PTT Utility Company Limited ("PTTUT") has reduced from 60% to 30.31% due to the amalgamation of PTTUT and Independent Power (Thailand) Company Limited ("IPT") into Global Power Synergy Company Limited ("GPSC"). Since the amalgamation, the Company has to change the method in realizing gain/loss from investment of GPSC from consolidating PTTUT's financial statement after elimination of connected transaction into the Company's (Consolidation) to realizing only gain/loss of the investment portion in to the Company's financial statements (Take equity). Table: Performance Summary (Unit: Million Baht) 1Q/2013 1Q/20122 4Q/20122 YoY QoQ % + /(-) % +/(-) Sale Revenue 141,309 133,666 144,595 6% -2% EBITDA 16,419 14,988 16,553 10% -1% EBITDA Margin (%) 12% 11% 11% 0% 0% Net Profit 12,075 9,852 10,388 23% 16% Earnings Per Share (Baht) 2.68 2.19 2.30 22% 17% Adjusted EBITDA1 16,914 11,483 16,584 47% 2% Adjusted EBITDA Margin (%) 12% 9% 11% 3% 1% Note: 1. Adjusted EBITDA refers to EBITDA excluding impact of inventory value (excludes Inventory and NRV) and excluding impact of commodity hedging 2. Changes in the classification of catalyst, from operating expenses to be in the depreciation and amortization, according to the accounting policy effective since 1Q/2013 onward. In 1Q/2013, Dubai crude oil price moved in the range between 104 -114 USD/bbl and averaged at 108 USD/bbl on the resuming of unplanned shutdown of many oil fields in the North Sea and ongoing concern on geopolitics issue in the Middle East. However, concern on European debt crisis had softened the crude oil price. Hence, the Company reported market GRM for 1Q/2013 at 4.37 USD/bbl and Accounting GRM (Including stock loss from the decline of crude oil price) at 3.73 USD/bbl. While, the aromatics business unit improved from the increasing spread of paraxylene-condensate and benzene-condensate due to tight supply in the market and resulting in the Market P2F for aromatics of 394 USD/ton. The olefins and derivatives business unit operated at a higher utilization rate and with higher sales volume, where HDPE price averaged at 1,482 USD/ton. This results the Company's consolidated EBITDA of 16,419 MB, increased of 10% from 1Q/2012 and reduced by 1% from 4Q/2012, while the EBITDA margin in 1Q/2013 was at 12%. In addition, the Adjusted EBITDA in 1Q/2013 was at 16,914 MB and Adjusted EBITDA margin was at 12%. Summary of the Company's major events since the beginning of 2013 as follows: - On January 10th, 2013, amalgamation between PTTUT and IPT into Global Power Synergy Company Limited (GPSC). The Company holds 30.31% of GPSC. - On April 1st, 2013, PT Pertamina (Persero), Indonesian national oil company and the Company signed Head of Agreement (HOA) to jointly study the feasibility of a world scale petrochemical complex (no refinery included) in Indonesia in accordance to the Company's strategy. - On April 3rd, 2013, IRPC Public Company Limited ("IRPC") and the Company signed memorandum of understanding (MOU) to jointly study the possibility of business opportunity in downstream petrochemical such as Polyol and Styrenic. The study is in accordance to the Company's strategy - On April 4th, 2013, the Company held an annual general meeting year 2012 at Bangkok Convention Center, 5th floor, Central Plaza. - On April 4th, 2013, the Company's shareholders approved the dividend distribution of the year 2012 at the rate of 3.40 Baht per share, totaling 15,329 MB. - On April 4th, 2013, the Company's shareholders approved the acquisition of the entire business of Bangkok Polyethylene Public Company Limited (BPE) and PTT Polyethylene Company Limited (PTTPE), as well as other activities in relation to the matter to streamline and support the business growth. - On April 26th, 2013, the Board of Directors of the Company approved the acquisition of 40% shareholding in PTT Phenol Company Limited ("PPCL") which is in line with the PTT group's policy of having the Company as chemical flagship and to in accordance to the Company's strategy to get into High Volume Specialty business. The Company has completed the acquisition transaction on May 2nd 2013 and currently holds 100% share in PPCL. - In April 2013, Myriant Corporation had completed the construction of a 14,000 ton/year Succinic Acid Plant in Louisiana State and is currently commissioning. - In April 2013, Natureworks has started commissioning of the expansion portion of PLA plant which increases the nameplate capacity of PLA from 140,000 ton/year to 150,000 ton/year. Please be informed accordingly. Sincerely yours, (Mr. Anon Sirisaengtaksin) Chief Executive Officer Corporate Finance and Investor Relations Tel: 02 265 8400 ext. 8421, 8712, 8713, 8714, 8327 ______________________________________________________________________ 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. 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