(Translation)

Ref. TBK 13/001January 11, 2013

Subject: Report on the completion of the amalgamation between Independent Power (Thailand) Company Limited ("IPT") and PTT Utility Company Limited ("PTTUT")
To: President of The Stock Exchange of Thailand
Reference: The Company's letter TBK 05/0355 dated on 30 August 2012 entitled the Notification of the amalgamation between Independent Power (Thailand) Company Limited ("IPT") and PTT Utility Company Limited ("PTTUT")
Dear Sirs,
We refer to the letter made by Thai Oil Public Company Limited ("the Company") to the Stock Exchange of Thailand (the "SET") notifying the amalgamation between IPT and PTTUT on 30 August 2012 and expected that the amalgamation process will be completed within January 2013.
The Company would like to inform that the amalgamation between IPT and PTTUT was completed on January 10, 2013. The new company's name Global Power Synergy Company Limited with the registered share capital of 8,630,000,000 (Eight thousand six hundred and thirty million Baht) with such amalgamation the Company will has direct and indirect ownership of 32.39% shares.
Please be informed accordingly, Yours truly,
Thai Oil Public Company Limited

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(Viroj Meenaphant)
Assistant Executive Vice President-Corporate Governance
Investor Relations Section
Tel. 02 797 2999 Extension 7371/7372/7373
Fax. 02 797 2976

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