Bangkok--23 Apr--PTTEP The PTTEP Short-Term Financing Program (or “PF”) has been launched for the first time to offer short-term commercial paper to institutional investors and high net worth individuals. The first tranche worth 2,000 million baht is distributed this month (April) by the arranger, Siam Commercial Bank. PTT Exploration and Production Public Company Limited (PTTEP) Chief Executive Officer (CEO) Mr. Anon Sirisaengtaksin (นายอนนต์ สิริแสงทักษิณ), revealed that the “PF” has been initiated to sell short-term commercial paper to institutional investors and high net worth individuals on a monthly basis. The bidding process is carried out in order to select the financial institution which will assume the role of a B/E arranger and paying agent for the company. This program will commence from April 2008 onwards. The first tranche of Bill of Exchange (B/E) worth 2,000 million baht has a tenor of 91 days and carries a discount rate of 3.08% per annum. The securities will be made available on April 28, 2008, via the arranger. The minimum face value per B/E note is 10 million baht. PF is a continuing program, and PTTEP will carry out bids on the third Wednesday of every month in order to select the financial institution who will function as the arranger, distributor, and paying agent for the notes. PTTEP currently holds AAA credit rating by TRIS, the highest rating possible for a Thai company. The initiation of the PTTEP Short-Term Financing Program is a significant milestone for the company and heralds its role as a key player in the Thai short-term debt market. The company aspires to set the benchmark for the B/E market by fostering greater reliability and activity, and to create a viable investment alternative for institutional as well as retail investors. In the future, the company may consider utilization of other commercial papers to further develop the market. For more information, please contact Sidhichai Jayant Tel +66 (02) 537 4592 E-mail: [email protected] Tongchit Pongorapin Tel +66 (02) 537 4587 E-mail: [email protected]