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Banpu issues THB 6.3 billion bonds with maturities of 3, 5, and 7 years Subscription Period Scheduled for 11-13 May 2009

Banpu issues THB 6.3 billion bonds with maturities of 3, 5, and 7 years Subscription Period Scheduled for 11-13 May 2009

Banpu Public Company Limited, an energetic Asian energy provider, issues THB 6.3 billion senior unsecured bonds with maturities of 3, 5, and 7 years. Subscription period for retail and institutional investors is 11-13 May 2009.

Mr. Chanin Vongkusolkit, Chief Executive Officer of Banpu Public Company Limited, disclosed that following the plan to issue bonds in the second quarter this year, the Company invites retail and institutional investors to subscribe Banpu senior unsecured bonds during 11-13 May 2009 via the underwriters’ branches – Bangkok Bank and Siam Commercial Bank. The THB 6.3 billion debentures issued are divided into three tranches with maturities of 3 years, 5 years and 7 years. The coupon rates for these three tranches are 3.5 percent per annum, 4.3 percent per annum and 4.9 per annum respectively and will be paid semi annually. The credit rating of Banpu senior unsecured bonds by TRIS Rating Company Limited (Thailand) is AA-.

“This is the first time Banpu sells bonds to retail investors. We will use the proceeds for refinancing our current debts,” Mr. Chanin said.

Banpu Public Company Limited is an energetic Asian energy company managing two core businesses – coal mining and power generation – in three countries namely Thailand, Indonesia and China. As of 31 December 2008, Banpu total assets stood at THB 89,362 million while total liability was at THB 43,828 million. The Company’s Net Debt to Equity ratio was 0.36 times compared to 0.14 times in 2007 and earning per share (EPS) was at THB 33.96 per share, an increase of 39 percent from THB 24.49 per share in 2007.

Interested persons can ask for more details at Bangkok Bank branches (except micro branches) or Tel. 1333 and Siam Commercial Bank branches or call 02 777 7777

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