PRESS RELEASE

Press Release On June 29, 1995 Padaeng Industry Public Company Limited signed an agreement with Exxon Energy Limited, Esso Standard Thailand Limited, China Light and Power (International) Limited and The Siam Commercial Bank Public Company Limited to form Sriracha Po Exxon Energy is a wholly-owned affiliate of Exxon Corporation, one of the world's largest industrial companies. Exxon Energy, through Castle Peak Power Company Limited (CAPCO), a joint venture company owned by Exxon Energy (60%) and China Light and Power (40%), has China Light & Power, formed in 1901 in Guangzhou, in what is now the People's Republic of China, is the operator of CAPCO's assets and is one of the ten largest listed companies on the Hong Kong Stock Exchange as well as supplier of electricity to over 1.65 million The Siam Commercial Bank is the oldest domestic financial institution and one of the largest financial institutions in Thailand. Public Relations Section June 30,