Investor Relations

PTTEP No. 13061/00-2752/2017
                                                                                               

31 March 2017

President

The Stock Exchange of Thailand

93 Ratchadaphisek Road, Dindaeng

Bangkok 10400

Dear Sir,

Subject:          Dissolution of non-active subsidiaries

PTT Exploration and Production Public Company Limited or PTTEP would like to announce that PTTEP has dissolved five non-active subsidiaries in Australia on 19 March 2017 and a subsidiary in Iran on 31 March 2017 as follows;

1. PTTEP Australasia Pty Limited
2. PTTEP Australasia (Finance) Pty Limited
3. Tullian Pty Limited
4. PTTEP Australasia (Petroleum) Pty Limited
5. PTTEP Australia International Finance Pty Limited
6. PTTEP Iran Company Limited

The dissolution of subsidiaries is part of PTTEP’s policy to increase efficiency and reduce administrative costs with no impact to our business operations.

Yours sincerely,

Somporn Vongvuthipornchai

Somporn Vongvuthipornchai

President and Chief Executive Officer