PTT : Notification of PTT Public Company Limited's five-year (Year 2021 - 2025) investment plan

(Translation)

No. 80000001/1224

	17 December 2020
Subject	Notification of PTT Public Company Limited's five-year (Year 2021 - 2025) investment plan
To	President,
	The Stock Exchange of Thailand

PTT Public Company Limited ("PTT") is pleased to notify that the Board of Directors Meeting No. 12/2563 held on 17 December 2020 approved the five-year (year 2021-2025) investment plan of PTT and its wholly owned subsidiaries in an aggregate amount of Baht 179,072 million, details are as follows:

Unit: MMTHB

Business	2021	2022	2023	2024	2025	Total	%
Gas	8,051	13,403	5,238	3,827	33	30,552	17
Transmissions	6,770	4,524	1,159	348	252	13,053	7
International Trading	630	376	620	371	193	2,190	1
and Downstream
Technology &	4,063	2,250	797	493	452	8,055	5
Engineering and
Head office
JV and Wholly	56,885	28,761	13,700	13,512	12,364	125,222	70
Owned Subsidiaries
Total	76,399	49,314	21,514	18,551	13,294	179,072	100

PTT's investment plan focus in core businesses mainly in Gas business group in both PTT own operation (Gas business and Gas Transmissions) i.e. the Gas Separation Plant (GSP) unit 7 to replace GSP unit 1, the 5th pipeline and the investment through its wholly owned subsidiaries in the proportion of 70% of PTT's total five-year investment plan, which are the investment in gas and gas related businesses approximately 14% of PTT's total five-year investment plan i.e. the Liquefied Natural Gas (LNG) receiving terminal 2 (Nong Fab), and Map Ta Phut Industrial Port Development Phase 3, the investment in oil and non-oil businesses together with its new

/businesses both…

-2-

businesses both in Thailand and overseas approximately 42% of PTT's total five-year investment plan, and other businesses approximately 14% of PTT's total five-year investment plan.

Additionally, PTT has set provisional capital expenditure for the next 5 years (year 2021-2025) amounting to Baht 331,524 million to create value added and synergy among PTT Group from core businesses' expertise i.e. the Southern LNG terminal project and gas pipeline project which are subjected to the Power Development Plan 2018, the investment in LNG value chain both in Thailand and overseas, the Gas to Power project, and the investment in the potential growth businesses which are aligned with the change of New normal and New Ecosystem Business Model in accordance with government policy and global trends i.e. Electricity Value Chain project, the investment in Life science (Pharmaceutical, Nutrition, and Medical device). Furthermore, the provisional capital expenditure include investment in renewable energy and clean energy to achieve PTT group's renewable energy power plant target of 8,000 megawatts within year 2030 according to our strategic plan to be a leader in renewable energy business.

Please be informed accordingly.

Yours Sincerely,

(Mr. Auttapol Rerkpiboon )

President & Chief Executive Officer

Investor Relations Department

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