SET Announcements

(Translation) Ref. CK-05-0000-PO-L-0279 October 20, 2005 Subject: Notification of Issuance and Offering of Debentures Attention: The President of the Stock Exchange of Thailand By resolution of the 2005 Annual Ordinary General Meeting of Shareholders of CH. Karnchang Public Company Limited, on April 7, 2005, the Company shall issue and offer debentures within the value of not exceeding Baht 3,000,000,000 (Three Billion Baht) as per the details in such resolution of the Ordinary General Meeting of Shareholders, which was already informed. The Company hereby informs you that the Company has issued and offered the foregoing debentures, as per the following details: 1. Unsubordinated and unsecured debentures of CH. Karnchang Public Company Limited No. 1/2005 Series 1 due 2010, and unsubordinated and unsecured debentures of CH. Karnchang Public Company Limited No. 1/2005 Series 2 due 2007, which had already been issued and offered by the Company to institutional investors on July 14, 2005, as per the following details: Issuer: CH. Karnchang Public Company Limited Type of Debentures:Unsubordinated and unsecured debentures with name- registered certificates and a debenture holder's representative Offered Amount: 1,300,000 units (one million three hundred thousand units) Par Value per Unit:Baht 1,000 (One Thousand Baht) Offering Price per Unit:Baht 1,000 (One Thousand Baht) Offered Value:Baht 1,300,000,000 (One Billion Three Hundred Million Baht) Objective: For repayment of loan and use as working capital for projects in the future Issuance Date:July 14, 2005 Tenor and Interest : Series 1: Tenor: 4 years 7 months 12 days from the issuance date Maturity date: February 26, 2010 Amount: Baht 1,100 Million Interest rate: 5.20 percent per annum Series 2: Tenor: 1 year 8 months 13 days from the issuance date Maturity date: March 27, 2007 Amount: Baht 200 Million Interest rate: 4.25 percent per annum Credit Rating of Debt Instrument: "A-"(Single A Minus) as rated by TRIS Rating Co., Ltd. Underwriter: KASIKORNBANK Public Company Limited Debenture Holder's Representative: BankThai Public Company Limited Debenture Registrar and Paying Agent:BankThai Public Company Limited 2. Unsubordinated and unsecured debentures of CH. Karnchang Public Company Limited No. 2/2005 due 2008, which had already been issued and offered by the Company to institutional investors on October 13, 2005, as per the following details: Issuer: CH. Karnchang Public Company Limited Type of Debentures: Unsubordinated and unsecured debentures with name- registered certificates and a debenture holder's representative; Offered Amount: 610,000 units (six hundred ten thousand units) Par Value per Unit: Baht 1,000 (One Thousand Baht) Offering Price per Unit:Baht 1,000 (One Thousand Baht) Offered Value: Baht 610,000,000 (Six Hundred Ten Million Baht) Objective: For repayment of loan and use as working capital for projects in the future Issuance Date: October 13, 2005 Tenor and Interest: Tenor: 3 years from the issuance date Maturity date:October 13, 2008 Interest rate: 6.25 percent per annum Credit Rating of Debt Instrument:"A-" (Single A Minus) as rated by TRIS Rating Co., Ltd. Underwriter: KASIKORNBANK Public Company Limited Debenture Holder's Representative:BankThai Public Company LimitedDebenture Registrar and Paying Agent:BankThai Public Company Limited 3. Unsubordinated and unsecured debentures of CH. Karnchang Public Company Limited No. 3/2005 due 2008: The Company has already submitted the registration statement and draft prospectus to the Office of the Securities and Exchange Commission, and such documents have become effective. Furthermore, the Company has offered the debentures to general investors and institutional investors by opening for subscription during October 25 - 27, 2005, as per the following details: Issuer: CH. Karnchang Public Company Limited Type of Debentures: Unsubordinated and unsecured debentures with name-registered certificates and a debenture holder' representative Offered Amount: Not exceeding 1,090,000 units (one million ninety thousand units) Par Value per Unit: Baht 1,000 (One Thousand Baht) Offering Price per Unit: Baht 1,000 (One Thousand Baht) Offered Value: Not exceeding Baht 1,090,000,000 (One Billion Ninety Million Baht) Objective: For repayment of loan and use as working capital for projects in the future Issuance Date: October 28, 2005 Tenor and Interest: Tenor: 3 years from the issuance date Maturity date: October 28, 2008 Interest rate: 6.5 percent per annum Credit Rating of Debt Instrument:"A-" (Single A Minus) as rated by TRIS Rating Co., Ltd Underwriter: KASIKORNBANK Public Company Limited Bank of Ayudhya Public Company Limited Debenture Holder's Representative:BankThai Public Company Limited Debenture Registrar and Paying Agent:BankThai Public Company Limited Please be informed accordingly. Very truly yours, = Signature = (Mr. Anukool Tuntimas) Executive Vice President Human Resource and General Administration