Investor Relations

PTTEP 13061/00-2356/2017

29 March 2017

President

The Stock Exchange of Thailand

93 Ratchadapisek Road, Dindaeng

Bangkok 10400

Dear Sir,

Subject:   Resolutions of the 2017 Annual General Shareholders’ Meeting

PTT Exploration and Production Public Company Limited (PTTEP) would like to report the resolutions of the 2017 Annual General Shareholders’ Meeting held on Wednesday 29 March 2017 at 14.00 hrs. at Bangkok Convention Center, 5th Floor, Central Plaza Ladprao (Plaza Zone), 1695 Phaholyothin Road, Chatuchak, Bangkok. The details are as follows:

Agenda Item 1                 To acknowledge the 2016 performance results and 2017 work plan of the Company

Resolution:                       The Meeting acknowledged the Company’s 2016 performance and 2017 work plan as proposed.

Agenda Item 2                 To approve the financial statements for the year ended 31 December 2016

Resolution:                       The voting comprised agreed 3,230,609,359 votes or 99.9969%; disagreed 99,990 votes or 0.0031%; abstained 16,679,881 votes; and voided ballots 33,740 votes.

                                           It is resolved that the Meeting, by majority of the total of votes cast by shareholders who were present and voted, approved the financial statements for the year ended 31 December 2016 as proposed.

Agenda Item 3                 To approve the dividend payment for 2016 performance

Resolution:                       The voting comprised agreed 3,235,146,927 votes or 99.9997%; disagreed 8,656 votes or 0.0003%; abstained 15,277,926 votes; and voided ballots 28,855 votes.

                                          It is resolved that the Meeting, by majority of the total of votes cast by shareholders who were present and voted, approved the dividend payment for the year 2016 at the rate of 3.25 Baht per share. The Company has already made an interim dividend payment for the first-half-year operation of 2016 on 25 August 2016 at the rate of 0.75 Baht per share from unappropriated retained earnings under the Petroleum Income Tax Act. This remains 2016 dividend of 2.50 Baht per share from unappropriated retained earnings under the Revenue Code. Shareholders who are entitled to receive the dividend are as listed on the Record Date on 9 February 2017. Dividends shall be payable on 10 April 2017.

Agenda Item 4                 To appoint the auditor and consider the auditor’s fees for year 2017

Resolution:                       The voting comprised agreed 3,220,898,407 votes or 99.5117%; disagreed 15,804,146 votes or 0.4883%; abstained 15,306,273 votes; and voided ballots 28,850 votes.

                                           It is resolved that the Meeting, by majority of the total of votes cast by shareholders who were present and voted, approved the appointment of the Office of the Auditor General of Thailand (OAG) to be the Auditor of the Company for the year 2017 with an annual audit fee at 2,350,000 Baht.

Agenda Item 5                 To approve the board of directors’ and the sub-committees’ remuneration

Resolution:                       The voting comprised agreed 3,203,669,581 votes or 98.5084%; disagreed 33,127,019 votes or 1.0186%; abstained 15,353,632 votes or 0.4721%; and voided ballots 29,050 votes or 0.0009%.

                                          It is resolved that the Meeting with more than two-thirds of the total number of votes cast by the shareholders who were present, approved the board of directors’ and the sub-committees’ remuneration for year 2017 onwards to be the same rate as year 2016 as proposed.

Agenda Item 6                 To approve the appointment of new directors in replacement of those who are due to retire by rotation

Resolution:                       The voting for each nominated director is as follows:

It is resolved that the Meeting, by majority of the total of votes cast by shareholders who were present and voted, approved the election of 5 directors as proposed. One director (number (1)) is an independent director according to the notifications that their qualifications conform to PTTEP Definition of Independent Director.

Sincerely yours,

Pranot Tirasai

Pranot Tirasai

Corporate Secretary