PTT : Extension of Inter-Company Borrowing and Lending Contracts between PTT Public Company Limited and PTT group companies

	(Translation)
No. 80000001/1230
	21 December 2020
Subject	Extension of Inter-Company Borrowing and Lending Contracts between PTT Public Company Limited
	and PTT group companies
To	President
	The Stock Exchange of Thailand
Ref. to	Letter no. 80000001/1194 dated 20 December 2019, and Letter no. 80000001/641 dated 15 June 2020

In regard to the Board of Directors of PTT Public Company Limited ("PTT") at the meeting held on 22 June 2012 passed the resolutions on the approval of short term liquidity management between PTT and PTT group companies, which PTT has stake holding less than 100% , in the form of Inter- Company Borrowing and Lending ("ICBL") either in Baht and/or US dollar currency under Uncommitted & Unsecured Short Term Loan to enhance liquidity management and financial collaboration within PTT group.

We would like to inform that PTT signed extended ICBL contracts with its 6 affiliates, namely PTT Exploration and Production Public Company Limited, PTT Global Chemical Public Company Limited, Thai Oil Public Company Limited, IRPC Public Company Limited, PTT Oil and Retail Business Public Company Limited, and Global Power Synergy Public Company Limited. The aforementioned ICBL contracts are extended regarding to the Stock Exchange of Thailand ( " SET" ) as in the referenced letters. The period of all contracts are 1 year from 20 December 2020 and will be expired on 19 December 2021 of which the Credit lines and details of the aforementioned contracts are as follows;

		Unit: MMTHB equivalent
Company	Credit lines which PTT can	Credit lines which PTT
	lend to affiliate companies	can borrow from affiliate
		companies
PTT Exploration and Production Public Company Limited	5,000	5,000
PTT Global Chemical Public Company Limited	10,000	5,000
Thai Oil Public Company Limited	2,000	2,000
IRPC Public Company Limited	10,000	1,500
PTT Oil and Retail Business Public Company Limited	2,000	500
Global Power Synergy Public Company Limited	1,500	500

/The transactions…

-2-

The transactions are not connected transactions of PTT and do not require disclosure under the rule, procedures and disclosure of information to the SET. PTT reports these transactions for the transparency and alignment within PTT group.

Please be informed accordingly.

Yours Sincerely,

(Mr. Auttapol Rerkpiboon)

President & Chief Executive Officer

Investor Relations Department

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