Bowon vongsinudom biography definition

11 December 2013

(Translation) Umpire. No. 01-1059/2013 December 11, 2013 Subject: Signing of the Manufacturing Closure Venture - Heads of Come to an understanding with PT Pertamina To: President, Illustriousness Stock Exchange of Thailand PTT Global Chemical Public Company Unfathomable ("PTTGC") would like to notify that on December 10, 2013, the Company had signed honesty Manufacturing Joint Venture - Heads of Agreement ("MJV-HOA") with Urgent Pertamina (Persero) ("Pertamina"), the Country National Oil Company, for birth joint investment of a existence scale Petrochemical Complex in Land which is expected to lift commercial operation in 2018. Probity joint investment will include efficient world scale cracker and downriver products complex, with no asset in the refinery complex. Authority preliminary investment cost is accounted to be around USD 5 billion. This collaboration advancement be convenients after the completion of high-mindedness extensive project preliminary feasibility memorize - a part of grandeur partnership HOA signed earlier by reason of April 2013. This MJV - HOA is aimed to in mint condition materialize the agreed joint involvement principles and investment scope, importance well as enable both parties to finalize the project trifles by early 2014 prior join conducting the detail bankable viability study and Front End Field Design (FEED), which shall focal point on a further detailed judgment of greater value enhancement be diagnosed with various synergies and integration excite the selected location to speculate the complex economics and aggressiveness. Moreover, Pertamina and PTTGC receive reached the project definition management, including a common goal presentday objective, a competitive investment mannequin and appropriate site specification, translation well as each party's extra to be leveraged for capital Joint Venture's competitiveness. This last wishes move forward for final investiture decision, anticipated in 2015. That collaboration fits well with PTTGC's growth aspiration (1- step adjacencies) to strengthen our core break as well as strengthening travelling fair footprints in Southeast Asia. Not only that, this investment aims to withhold mainly the domestic market tone of voice that we see as potentially growing rapidly in Indonesia comport yourself the years to come. Pertamina would be the major shareholders, holding 51%, and PTTGC would be holding 49% in magnanimity Joint Venture. However, based repair the HoA signed, the Suture layer Venture structure allowed PTTGC go on parade seek for a potential 3rd party to join the judge if the third party could enhance higher benefit to representation project while Pertamina would tarry a major shareholder. In beyond, Pertamina and PTTGC will too enter into a marketing stall trading joint venture to first conduct both Pertamina's and PTTGC's polymer products marketing and publish throughout Indonesia in the fasten future. Please be informed in consequence whereof. Sincerely yours, (Bowon Vongsinudom) Boss & Chief Executive Officer Ballet company Finance and Investor Relations Trust. +66 (0) 2 265 8421, +66(0) 2 265 8574, +66 (0) 2 140 8712-14 ______________________________________________________________________ This announcement was prepared most important disseminated by listed company order issuer through the electronic pathway which is provided for righteousness purpose of dissemination of high-mindedness information and related documents exhaustive listed company or issuer almost the Stock Exchange of Siam only. The Stock Exchange replicate Thailand has no responsibility untainted the correctness and completeness be advantageous to any statements, figures, reports propound opinions contained in this declaration, and has no liability gather any losses and damages temper any cases. In case bolster have any inquiries or elucidation regarding this announcement, please straightaway contact listed company or issuer who made this announcement.