SET Announcements

(Translation) Ref. CK-08-0000-AFD-L-0125 April 22, 2008 Subject: Notification of Issuance and Offering of Debentures Attention: The President of the Stock Exchange of Thailand The Company hereby informs you that the Company is in the process of issuing and offering Debentures of Ch.Karnchang Public Company Limited No. 1/2551 Due 2011 ("Debentures"), detailed as follows: Issuer : Ch. Karnchang Public Company Limited Type of Debentures : Unsubordinated and unsecured debentures with name registered certificates and a debenture holders' representative Symbol ThaiBMA : CK114A Offered Amount : Up to 2,000,000 units (Two million units) Offered Value : Up to Baht 2,000,000,000 (Two Billion Baht) Par Value per Unit : Baht 1,000 (One Thousand Baht) Offering Price per Unit : Baht 1,000 (One Thousand Baht) Tenor : 3 (three) years from the issuance Date Issuance Date : April 30, 2008 Maturity date : April 30, 2011 Interest Rate : 5.00% per annum, Interest Payment on a quarterly basis Credit Rating of Debt Instrument : "BBB+" (Triple B Plus) as rated by TRIS Rating Co., Ltd. Underwriter : Bank of Ayudhya Public Company Limited Debenture Holders' : BankThai Public Company Limited Representative Debenture Registrar : BankThai Public Company Limited and Paying Agent The Company has already submitted the registration statement and prospectus to the Office of the Securities and Exchange Commission, and such documents have become effective on April 21, 2008. Furthermore, the Company has offered the Debentures to general investors and institutional investors by opening for subscription during April 24-29, 2008 at Bank of Ayudhya Public Company Limited. Please be informed accordingly. Sincerely yours, -Signature- (Mr. Prasert Marittanaporn) Director and Executive Vice President Accounting and Finance