SET Notification

Renewal of the Short-Term Inter-Company Borrowing and Lending Agreement between PTTEP and PTT

20 December 2016

PTTEP No. 13061/00-11452/2016                                                                                                            

Investor Relations
Tel. 0-2537-5919, 0-2537-5304, 0-2537-5779, 0-2537-4446

20 December 2016 

President
The Stock Exchange of Thailand
93 Ratchadaphisek Road, Dindaeng
Bangkok 10400 

Dear Sir, 

Subject:          Renewal of the Short-Term Inter-Company Borrowing and Lending Agreement between PTTEP and PTT

Reference:      Letter No. PTTEP 13061/00-13902/2013, dated December 20, 2013

Attachment:    Enclosure of Transaction Details 

Reference is made to PTT Exploration and Production Public Company Limited (PTTEP)’s disclosure regarding the Inter-Company Borrowing and Lending (ICBL) between PTTEP and PTT Public Company Limited (PTT), which was approved by the Board of Directors as per the resolution of meeting No. 9/2556/368 held on August 29, 2013.

PTTEP wishes to announce that on December 20, 2016, PTTEP and PTT have renewed the ICBL agreement with no change in terms and conditions. This renewal of ICBL agreement is under PTTEP management’s authorization according to the Board of Directors’ resolution as cited above.

Since PTT is the major shareholder of PTTEP, this transaction is classified as a connected transaction, under the transactions relating to grant or receipt of financial assistance, per the Notification of the Capital Market Supervisory Board Tor Chor 21/2008 Re: Rules and regulations on connected transactions. PTTEP hereby discloses the details of the transaction as in attachment.

Yours sincerely, 

Somporn Vongvuthipornchai

Somporn Vongvuthipornchai
President and Chief Executive Officer