PTTEP Establishes Indonesian Exploration Subsidiary

PTT Exploration and Production Public Company Limited has established PTTEP Merangin Company Limited (a subsidiary of PTTEP) on October 12, 2005 to carry out petroleum exploration and production in Indonesia.

PTTEP Merangin Company Limited's fully-paid up registered capital is US $50,000, consisting of 50,000 ordinary shares at US $1.00 each, with 100% shareholding by PTTEP Offshore Investment Company Limited (a subsidiary of PTTEP).