(Translation) Ref. No. 01-384/2013 June 25, 2013 Subject: Capital increase of subsidiary, PPCL, and Signing of Construction Contract of Phenol 2 Project To: President The Stock Exchange of Thailand The Board of Directors of PTT Global Chemical Public Company Limited ("the Company") at the Meeting No. 6/2013 held on June 21, 2013 had resolved to approve on capital increase of PTT Phenol Company Limited ("PPCL"), 100% owned subsidiary. In this regard, the purpose of PPCL to increase capital is for the investment of Phenol 2 project with total investment of USD 348.3 million (approximately Baht 10,450 million), with phenol and acetone nameplate capacity of 250,000 tons per year and 155,000 tons per year, respectively. This will require benzene (approximately 220,000 tons per year) and propylene (approximately 119,000 tons per year) from the Company as main feedstock. The source of funds include equity of Baht 3,500 million and long term loan of Baht 7,000 million, where the equity portion is from the payment for the shares which were not fully paid in the amount of Baht 900,800,000 and increase capital in the amount of Baht 2,599,200,000. Consequently, PPCL will increase the existing authorized capital from Baht 9,252,000,000, with par value of Baht 100, to Baht 11,851,200,000. The investment in Phenol 2 project will add value to the Company's benzene and propylene, while being able to effectively manage the entire value chain. Moreover, this will also support the demand for phenol to penetrate into downstream business "Phenol Derivatives" according to the strategic direction, 1-Step Adjacencies to enter into High Volume Specialty business. Furthermore, on June 25, 2013, PPCL has signed the construction contract for Phenol 2 project with POSCO Engineering (Thailand) Company Limited from the Republic of Korea. The project is expected to commercially operate by the third quarter of 2015. The transaction is not a connected transaction and the transaction size does not require disclosure under the rule, procedures and disclosure of information concerning the acquisition and disposition of assets of listed companies. Please be informed accordingly (Anon Sirisaengtaksin) Chief Executive Officer Corporate Finance and Investor Relations Tel. +66 (0) 2 265 8421, +66(0) 2 265 8574, +66 (0) 2 140 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.