News related to Raw Material (Condensate Residue)

BackOct 04, 2007

-TRANSLATION-

RPC/HO-SET/ELCID-021/07

4 October 2007

Subject : News related to Raw Material (Condensate Residue)

To : President The Stock Exchange of Thailand

With reference to the Information Circulation on the Amalgamation Between The Aromatics (Thailand) Public Company Limited (ATC) and Rayong Refinery Public Company Limited (RRC) as of 15 August 2007 presented to the Shareholders of ATC on 13 September 2007, Section 3 Topic 3.2.1.1 Item 2 (Page 19), stated "...However,the MergedCo can use this Condensate Residue for its own benefits." This statement caused doubt to the Company's future supply of feedstock which is Condensate Residue.

Our minority shareholders have continuously asked and expressed their concerns over this matter. Therefore, we would like to inform, thru SET, that the Agreement for Purchase and Sale of Condensate Residue, signed by the Company (RPC) as the Buyer and PTT Public Company Limited (PTT) as the Seller, identified the Condensate Residue as the product to be produced from ATC plant and transferred to the Company. This Agreement is a long term reciprocal business contract binding on an Evergreen or continuously basis. Moreover, we have always been informed by PTT until now that they will honor and fully perform in accordance with this Agreement.

Please be so informed.

 

Sincerely Yours,

 

Mr.Suwinai Suwanhirunkul
Managing Director

 

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