Clarifications on Dividend Payment Policy

BackMay 14, 2007

-Translation-

RPC/HO-SET/ELCID-010/07

14th May, 2007

Subject: Clarifications on Dividend Payment Policy

To : President The Stock Exchange of Thailand

To comply with the Federation of Accounting Professions (FAP) Notification No. 26/2006 and the Accounting Standard No. 44, Consolidated Financial Statements and Accounting for Investments in Subsidiaries (Amendment No. 1), RPC's Board of Directors at the Meeting No. 5/2550 held on 11th May 2007 therefore approved the clarifications on the Dividend Payment Policy of the Company and its Subsidiaries to be as follows:

RPC's Dividend Payment Policy is to pay dividend at the rate of not less than 50% of its Consolidated Net Profit of each fiscal year after deduction of all specified reserves, investment plans, future projects, other appropriate future justifications and considerations and subject to the Company's cash flow.

The Company's subsidiaries, which most of them are 99.99% owned by RPC, has the policy to pay dividend as appropriate and subject to their cash flow.

Please be so informed.

 

Sincerely Yours

 

Ms.Siraporn Krishnakan
Assistant Managing Director

 

Investor Relations / Corporate Administration Office
Tel: 0 2515-8600
E-mail : ir@rpcthai.com