Thai Oil Public Company Limited : Establishment of TOP SPP Company Limited

(Translation)

Ref. TBK 13/0601December 26, 2013

Subject: Establishment of TOP SPP Company Limited To: President of The Stock Exchange of Thailand Dear Sirs,
Thai Oil Public Company Limited ("the Company") would like to inform that the Board of Directors of the Company No. 11/2013, held on November 29, 2013, has approved to establish an affiliate, which will be wholly owned by the Company. The purpose is to conduct two Small Power Plants (SPPs), and authorized Chief Executive Officer and President of the Company to have the authority and to carry out in any related actions of the establishment to be completed.
On 26 December 2013, all procedures of setting up such affiliate have been completed by using TOP SPP Company Limited (TOP SPP) as the company's name. TOP SPP has the registered capital of Baht 3,500,000,000 or 350,000,000 shares with a par value of Baht 10 per share and the paid up registered capital of Baht 875,000,000.
The transaction is not a connected transaction and the size of the transaction is exempted from being disclosed under the rule, procedures and disclosure of information concerning the acquisition and disposition of assets of listed companies, but this report is in accordance with the disclosure of investment in a company with a proportion of 10% or more of its paid up capital.
Please be informed accordingly, Yours truly,
Thai Oil Public Company Limited

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(Mr. Veerasak Kositpaisal)
Chief Executive Officer/ President

Investor Relations Section

Tel. [phone] extension 7370/7372/7373/7374 Fax. [phone]