SET Announcements

(Translation) No. CK-12-0000-LAW-L-0073 September 6, 2012 Re: Extension of Time for Loan to SouthEast Asia Energy Limited Attn.: President of the Stock Exchange of Thailand Reference is made to the fact that CH. Karnchang Public Company Limited ("the Company") has provided a loan to SouthEast Asia Energy Limited ("SEAN") of 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 the loan agreement with SEAN, along 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. In addition, the parties have had an extended period of time to repay the loan whereby the due date is September 4, 2012. The Company hereby informs that on September 5, 2012, the Executive Board Meeting No. 16/2012 resolved to grant approval for the Company to grant an extension of time for the loan to SEAN for another 12 months after the due date is September 4, 2012 (SEAN has requested for an extension of time for repayment of the loan which would become due on September 4, 2012 for another 12 months whereby the due date will be September 4, 2013 since the development of the Nam Bak Hydroelectric Power Project had not yet been completed.) Whereof the extended duration of the aforesaid loan provides a financial assistance to SEAN that would benefit to the Company as well as being the shareholder of the Company which invest through CK Power Limited ("CKP") (The Company holds 38 percent in CKP and CKP holds 54.67 percent in SEAN). Moreover, the loan for which the extension of time for repayment is granted 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), and the return obtained by the Company from the said loan would be higher than the Company's financial cost. Hence, kindly please be informed accordingly. Very truly yours, - Signature - (Dr. Anukool Tuntimas) Executive Vice President Human Resource and General Administration ______________________________________________________________________ This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.