Bangkok--18 Mar--Siam Gas and Petrochemicals Siam Gas or “SGP”, one of the largest Liquid Petroleum Gas (LPG) professional distributors in Thailand, plans to list 280 million IPO shares in the stock market. The fund raised will be used to expand its domestic & overseas branches and finance its operating cash flow. Mr. Supachai Weeraborwornpong, Managing Director of Siam Gas and Petrochemicals Public Company Limited, one of the largest Liquid Petroleum Gas (LPG) professional distributors in Thailand, said “We are in the process of submitting our Initial Public Offering filing with the Securities and Exchange Commission (SEC). We plan to offer 260 million IPO shares to the public and 20 million shares to the company’s executives and employees. Funds from the IPO will be spent on expansion of branches in the domestic & overseas market, as well as debt repayment and cash flow management.” Siam Gas operates two major businesses, including trading of Liquid Petroleum Gas (LPG), and other petrochemical products by the brand names “Siam Gas” and Unique Gas” and transportation of petroleum, Liquid Petroleum Gas, and other petrochemical products run by eight subsidiaries. There are three groups of customers: The first is those who use LPG as cooking gas (51.7%) such as cooking gas filling stations, LPG retailers households hotels and restaurants. The second is autogas customers who use LPG as fuel (25.5%) for example, LPG filling stations and LPG converted automobile users such as taxis. The third is industrial LPG users (9.5%) such as industrial plants. Currently the company and its subsidiaries have a market share approximately 31% which is the second largest in the market. Mr. Supachai continued “So far, the operating results of the company has been improving continually. As of December 31, 2007, the company and its subsidiaries earned total revenue of 14,938.67 million Baht. The earning before interests and income tax was 903.53 million Baht and the net profit was 442.42 million Baht, up by 80% from 2006, while total assets stood at 5,790.96 million Baht. Presently, the company has the paid-up registered capital of 670 million Baht which are 670 common stocks priced at 1 Baht apiece. When combined with the IPO of 280 million Baht, the company has the authorized capital of 950 million shares.” Note to Editor: Siam Gas and Petrochemicals Public Company Limited or “SGP” was established in 2001. The company is one of the largest Liquid Petroleum Gas (LPG) professional distributors in Thailand that operates trading of LPG, and other petrochemical products by the brand names “Siam Gas” and “Unique Gas” as well as transporting of LPG and other petrochemical products through its robust logistics network with nationwide coverage and with the delivery channels and points of sales that are located most conveniently and of highest value to the clients. The company has altogether eight subsidiaries. For more information, please contact: Ms. Tippawan Wortong (MO) Tel. 081 421 2923 or E-mail: [email protected]