Ratchaburi Electricity Generating Hldg. : Selling Shares of Ratchaburi World Cogeneration Company Limited to the Subsidiary

("TRANSLATION")

RH 22/2014

Subject: Attention:

17th January 2014

Selling Shares ofRatchaburi World Cogeneration Company Limited to the Subsidiary
The President ofthe Stock Exchange ofThailand
Reference is made to the respective report made by Ratchaburi Electricity Generating Holding Public Company Limited ("the Company'') to the Stock Exchange of Thailand regarding the investment in SPP Project of Ratchaburi World Cogeneration Company Limited. The Company would like to inform that on 16th January 2014, all shares of 100,000,000 shares or equivalent to
40 per cent stake that the Company held in Ratchaburi World Cogeneration Company Lirnited, were sold to Ratchaburi Electricity Generating Company Lirnited, which is the Company's wholly-owned subsidiary, at the paid-up capital price valuing Baht l O per share or 500 rnillion in total.
The objective of the transaction is to provide more efficient investment manage ent and structure for the Company's Group which was resolved by the Company's Board of Directors at the Meeting No. 3/2013 and 12/2013 held on 18th March 2013 and 21st October 2013 respectively. The transaction is not a connected transaction and its size does not have to apply the regulations on the Acquisition or Disposal of Assets of listed companies. This report is made to disclose the disposal of the joint investment that has a proportion of l O per cent or more of the joint company's paid up capital.
Please be informed accordingly and kindly disseminate the information herein to investors. Sincerely yours,
(Mr. Pongdith Potchana) Chief Executive Officer

COilJorate Secretary Office

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