Bangkok--7 Nov--Ratchaburi Holding Ratchaburi Electricity Generating Holding PCL. (RATCH), a leading independent power producer, announces its audited operating performance of the Company and subsidiaries for the 9-month (accounting period of 1 January — 30 September, 2007). The Company recorded net profit of 4,749.90 million baht or earning 3.28 baht per share decreased by 438.23 million baht or 8.45% of the net profit of 5,188.13 million baht from the same period of the previous year. Mr. Thawat Vimolsarawong, Deputy Managing Director Business Ventures of Ratchaburi Electricity Generating Holding PCL. revealed that the net profit of the 9-month period had declined by 8.45% due to the major overhaul of the Ratchaburi Power Plant. The plants have been shut downed operation follow by the operating and maintenance plan to do a major overhaul every 6 years. This slightly decreased the Availability Payment (AP) of the 3rd Quarter of 668.21 million baht or 21.09% compared to the same period of 2006. Nevertheless, this major overhaul plan slightly affected the 9-month period profit as well as the Company’s projected revenue and profit of 2007. For the 9-month operation, the Company’s consolidated total revenue was 34,522.64 million baht, consisted of electricity sales of 32,856.19 million baht, interest income of 465.11 million baht, sharing profit of joint-venture companies amounted to 613.67 million baht and other income of 587.67 million baht which included an insurance claimable of 496.14 million baht received in the 2nd Quarter from fire incident at the Flue Gas Desulphurization (FGD) unit in 2005. The Company’s total costs and expenses was 28,662.23 million baht, consisted of cost of sales amounted to 28,159.59 million baht and administrative expenses & Directors’ Remuneration of 502.64 million baht. Meanwhile, the Company’s interest expense and income tax were 1,110.51 million baht. As at September 30, 2007, the Company and its subsidiaries’ total assets were 70,046.25 million baht. The Company had total liabilities of 33,645.95 million baht and shareholders' equity valued at 36,400.30 million baht. The company’s financial status is demonstrated by its ratio of debt to equity ratio at 0.92 times and debt service coverage ratio at 2.38 times. Regarding the recent Independent Power Producer (IPP) bidding, the Company has prepared its readiness on source of fund; the strategic sites both accessible to the transmission system and natural gas pipeline, existing facilities, as well as its high standard and efficiency of environment management. The Company is confident that it will be able to participate in bidding for IPP projects without violating bid regulators. Therefore, the Company has submitted the bid for two 800-megawatt plants which are an 800-MW plant on its wholly own subsidiary, Ratchaburi Electricity Generating Company Limited at Ratchaburi Power Plant in Ratchaburi and another 800-MW project with Rojana Industrial Park PCL. (ROJANA) in Ayutthaya. For more information please contact: Public Relations Department of Ratchaburi Electricity Generating Holding PCL. Wiwan Phayakvichien and Duangkeaw Dheinsawadkij Tel. 0 2978 5221-4 E-mail : [email protected]