SET Announcements

(Translation) No. CK-09-0000-PO-L-0015 February 27, 2009 Re: Extension of Time for Repayment of Loan for SouthEast Asia Energy Limited Attn.: President of the Stock Exchange of Thailand The Board of Directors' Meeting No. 6/2007 of CH. Karnchang Public Company Limited ("the Company"), on September 3, 2007, resolved to grant approval for provision of financial support to SouthEast Asia Energy Limited ("SEAN"), a legal entity in which the Company invested, in the form of loan not exceeding Baht 156,250,000 for use as funds for survey and development of the Nam Bak 1 and 2 Hydroelectric Power Project. On September 4, 2007, the Company signed in the loan agreement with SEAN, with Bangkok Expressway Public Company Limited, Ratchaburi Electricity Generating Holding Public Company Limited, as Lenders, with the essence as follows: (1) Loan: Baht 250 Million, of which the Company accounted for Baht 156,250,000; (2) Purpose: To conduct survey and development of the Nam Bak 1 and 2 Hydroelectric Power Project; (3) Interest Rate: Average MLR of three lending banks of SEAN plus one (MLR + 1); (4) Repayment: Within 18 months after the date of the agreement or the date of first drawdown of the Nam Bak 1 and 2 Hydroelectric Power Project, whichever occurs first; On February 27, 2009, the Board of Directors' Meeting No. 1/2009 resolved to grant approval for the Company to grant an extension of time for repayment of the loan to SEAN for another 12 months. SEAN requests to extend time for repayment of the loan which will become due on March 4, 2009 for another 12 months since the development of the Nam Bak Hydroelectric Power Project and negotiation for project financing, commercial terms, including various legal issues, have not yet been concluded. In this regard, SEAN has executed an extension of its rights under the Memorandum of Understanding with the Government of Lao People's Democratic Republic for another 12 months. The loan for which repayment is extended by the Company, shall be subject to interest at the rate equal to the lending rate charged by the current lenders of SEAN, namely, average MLR of three lending banks of SEAN plus one (MLR + 1). Thus, the Directors having interest namely Mr. Plew Trivisvavet, Mr. Narong Sangsuriya and Mr. Prasert Marittanaporn, who neither participated nor voted on this matter at the Meeting. Hence, kindly please be informed accordingly. Very truly yours, - Signature - (Mr. Plew Trivisvavet) Chief Executive Officer 2