SET Announcements

(Translation) No. CK-09-0000-PO-L-0093 December 22, 2009 Re: Notification of Resolutions of the Board of Directors Meeting No. 6/2009 Attn.: President of the Stock Exchange of Thailand Enclosure: Information Memorandum on Transaction of Disposition of Shares in Thai Tap Water Supply Public Company Limited Reference is made to the fact that CH. Karnchang Public Company Limited held the Board of Directors Meeting No. 6/2009 on December 21, 2009. The Board of Directors Meeting passed a resolution granting approval for the Company to sell certain parts of ordinary shares in Thai Tap Water Supply Public Company Limited to persons or legal entities which have no relationship and/or connection with the Company, directors, executives or related parties or major shareholders of the Company, in the amount of 180,000,000 shares or 4.51 percent of the registered capital. This is due to the fact that the value of such shares currently purchased and sold in the Stock Exchange of Thailand is higher than the Company's cost of investment in such shares, thereby rendering the Company to gain profits from such sale of shares on this occasion, and resulting in an increase in the Company's working capital and liquidity. The offering price will be not less than Baht 4.15 per share, representing not less than Baht 747,000,000 (Seven Hundred Forty Seven Million Baht Only), which is the average closing price of such shares for 15 business days prior to the date of the Board of Directors Meeting. The Executive Board is authorized to consider approving the sale of such shares which may be offered for sale on one or several occasions, as well as details on the execution of the Share Purchase Agreement, selling price and various conditions relating to the sale of such shares until completion. Once such details are available to the Company, the Company will notify the shareholders and the Stock Exchange of Thailand, as well as proceeding with the requirements of the Stock Exchange of Thailand in respect of the criteria for disclosure of information accordingly. Furthermore, the volume of the disposition of such shares in Thai Tap Water Supply Public Company Limited represents 40.22 percent which falls into category 2 in accordance with the calculation based on net profit from normal operations after deduction of taxes incurred from such acquired or disposed assets, as compared with the net profit of the listed companies in accordance with the Stock Exchange of Thailand Notification, Re: Disclosure of Information and Acts of Listed Companies Concerning Acquisition or Disposition of Assets B.E. 2547 (2004). In this regard, the Company shall prepare a report and disclose the transaction to the Stock Exchange of Thailand and give written notice to the shareholders within 21 days from the date of disclosure on such transaction to the Stock Exchange of Thailand. Please be informed accordingly. Very truly yours, = Signature = (Mr. Plew Trivisvavet) Chief Executive Officer