(Translation) No. PTTGC FNA 055/2012 August 30, 2012 Subject: The amalgamation between PTT Utility Company Limited ("PTTUT") and Independent Power (Thailand) Company Limited ("IPT") To: President, The Stock Exchange of Thailand With reference to PTT Global Chemical Public Company Limited ("the Company") Board of Directors Meeting No. 6/2012 held on June 22, 2012 and PTTUT Board of Directors Meeting No. 5/2012 held on July 19, 2012 (the Company holds 60% shares of PTTUT) have resolved to approve on the amalgamation between PTTUT and IPT to set up a new company to operate the power business, including investment and development for future power business. Such amalgamation will enhance security in utilities supply, capabilities needed for future expansion and to fully utilize the existing resources which will create value-added and benefits the Company's power business in the long run. As a result of the amalgamation, PTTUT will cease from being a subsidiary of the Company and a new company formed by the amalgamation ("Merged Co.") will assume all assets, liabilities, rights, obligations and responsibilities of PTTUT and IPT by operation of law under the section of the Amalgamation of Limited Companies, The Civil and Commercial Code. Upon the completion of the amalgamation, the Company will hold 30.31% shares of the new company formed by the amalgamation ("the New Company"). Moreover, the Merged Co. will have an aggregate total electricity generating capacity of approximately 1,357 Megawatts comprising of electricity generating capacity of 1,038 Megawatts and steam generating capacity of 1,340 ton per hour (which is equivalent to electricity generating capacity of approximately 319 Megawatts). It is expected that the amalgamation process will be completed in January 2013. The Company will notify to the Stock Exchange of Thailand again once the amalgamation is completed. The transaction is not a connected transaction and is exempted from disclosure requirement 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 information and other acts of a listed company Please be informed accordingly. Sincerely yours, (Patiparn Sukorndhaman) Executive Vice President - Finance and Accounting 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.