Connected transaction (Translation) Ref. No. 01-264/2013 April 26, 2013 Subject The acquisition of 40% shareholding in PTT Phenol Company Limited To President The Stock Exchange of Thailand Attachment Information Memorandum on Connected Transaction The Board of Directors of PTT Global Chemical Public Company Limited ("the Company") at the Meeting No. 4/2013 held on April 26, 2013 passed the resolutions to approve the Connected Transaction regarding the acquisition of 40% shareholding in PTT Phenol Company Limited ("PPCL") from PTT Public Company Limited ("PTT") ("The Transaction"). The purpose of the Transaction is to be in line with the group's policy to build the Company as a petrochemical flagship and to capture an opportunity to get into the high volume specialty business according to the Company's strategy. Therefore, the Company needs to have a subsidiary acting as a core player in downstream business relating to phenol derivatives. This will enable the Company to play a constructive role in the joint venture and business development with other business partners in the future. Moreover, PPCL's business is connected to the Company's upstream business, especially those parts related to the olefins plant and the aromatics plant. Such connection will enable the Company to efficiently manage throughout the Company's value chain. The value of the Transaction is not exceeding Baht 4,976 million. The basis used to determine value of consideration is based on arm's length negotiation between both parties. The value of the Transaction is larger than 0.03% but lower than 3% of the net tangible assets of the Company, calculated based on the consolidated financial statements as of December 31, 2012. Therefore, the Company is required to seek approval from the Board of Director and disclose the Transaction to the Stock Exchange of Thailand pursuant to the Notification of the Capital Market Supervisory Board No. Tor Jor. 21/2551 Re: Rules on Connected Transactions and the Notification of the Board of Governors of the Stock Exchange of Thailand Re: Disclosure of Information and other Acts of Listed Companies Concerning Connected Transactions B.E.2546 (A.D.2003). The Company hereby disclosed the Information Memorandum of the Transaction in attachment 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.