Clarification on Sales of VTNP'sFixed Assets&Land Use Rights

BackMay 28, 2007

-TRANSLATION-

RPC/HO-SET/ELCID-015/07

May 25th, 2007

Subject: Clarification on Sales of Fixed Assets and Land Use Rights of Subsidiary Company

To President The Stock Exchange of Thailand

With reference to Rayong Purifier (Public) Co. Ltd. (RPC)'s report on the Board of Directors' Resolution approving VTN-P Petrochemical Joint Venture Co., Ltd. (VTN-P) the Company's Subsidiary in Vietnam to proceed with the Sales of Fixed Assets and Land Use Rights as per our letter no.RPC/HO-SET/ELCID-013/07 dated May 25th, 2007.

We would like to clarify the Board of Director's Resolution made on April 27th 2007 approving RPC to acquire additional 40% shares in VTN-P which will increase the shareholding position of RPC in VTN-P from 60% to 100%. We are now in the process of negotiations and no share transfer has been made as yet. Should there be any further progress on this matter, we shall report to you accordingly.

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