SET Announcements

MD. /2009 December 29, 2009 Re :Connected transaction regarding lease for land and office To :President The Stock Exchange of Thailand Bangkok Aviation Fuel Services Public Company Limited would like to disclose the connected transaction regarding lease for land and office between the company and Fuel Pipeline Transportation Ltd., which can be summarized as follows: 1. Date /Month/ Year that transaction will occur: January 1, 2010 - December 31, 2012 2. Relevant parties: Lessor : Bangkok Aviation Fuel Services Plc. (BAFS) Lessee : Fuel Pipeline Transportation Ltd. (FPT) The relationship of lessor and lessee: Ministry of Finance is indirect major shareholder of BAFS and FPT. 3. General explanation regarding the nature of asset Data about land and office building Address : 424 Moo 11 Vibhavadi Rangsit Rd., Don Mueang, Bangkok 10210 Areas of land : 8,144 sqm Areas of office building : 1,458 sqm Term of lease : 3 years Rental Charge : 3.1 Land Rental Charge : Rental charges from Department of Treasury plus 5% 3.2 Office Building Rental Charge : 320 Baht/sqm/month In year 2010, Office Building Rental Charge 466,560 Baht/month Land Rental Charge 99,869 Baht/month Total 566,429 Baht/month In year 2011, Office Building Rental Charge 466,560 Baht/month Land Rental Charge 99,869Baht/month Total 566,429 Baht/month In year 2012, Office Building Rental Charge 466,560 Baht/month Land Rental Charge* 104,862 Baht/month Total 571,422 Baht/month *It is approximated amount as rental charges from Department of Treasury may be changed in year 2012. Term of renewal : 3 years 4. Total value of transaction 4.1 Total value of transaction in 3 years 4.1.1 Office Building Rental Charge 16.80 Million Baht 4.1.2 Land Rental Charge 3.65 Million Baht Total 20.45 Million Baht 4.2 Term of payment : Monthly installment as the rental charge in each year 5. Size and amount of transaction The above transaction is connected transaction regarding rental or lease of immovable property of not exceeding 3 years. The total value is 20.45 Million Baht or 0.68% of net tangible assets (Financial statement as of September 30, 2009). 6. Characteristics and scope of interests of connected persons when agreeing to enter into such connected transaction Ministry of Finance is indirect major shareholder of BAFS and FPT. BAFS as a lessor will receive benefit directly from this transaction in form of 3 years rental charge that will be amount of 20.45 Million Baht. Please be informed accordingly. Yours sincerely, ( M.R. Supadis Diskul ) Managing Director Legal and securities division Tel.02 834 8914 Fax.02 834 8920