Connected transaction

(Translation)

No.  16-031 / 2018
23rd July 2018
Subject : Providing financial assistance to Global Power Synergy Public Company 
Limited
To          : The President, The Stock Exchange of Thailand
As PTT Global Chemical Public Company Limited ("the Company") has reported to 
the Stock Exchange of Thailand about supporting Global Power Synergy Public
Company Limited ("GPSC") to acquire Glow Energy Public Company Limited's share
on 20th June 2018.
The Company would like to inform that Board of Directors meeting No. 7/2018 on 
23rd July 2018 has approved to enter into a short-term loan agreement, not more
than 12 months period (Bridging Loan) of not more than Baht 8,000 million with
GPSC, which the Company holds 22.73% as associated company and purpose to
support the acquisition of shares in Glow Energy Public Company Limited
("GLOW"). This transaction rather is liquidity management of the Company that
the directors have already considered that it is arm length basis business and
most beneficial method to manage cash flow. After providing the financial
assistance, there does not have any impact on business of the Company.
The entering into the short-term loan agreement constitutes a Class 5 Connected 
Transaction (Providing of Financial Assistance) pursuant to the Notification of
the Capital Market Supervisory Board No. TorChor. 21/2551 Re: Rules on Connected
Transactions and the Notification of the Board of Governors of the Stock
Exchange of Thailand Re: Disclosure of Information and Other Acts of Listed
Companies Concerning the Connected Transactions B.E. 2546 (2003) (collectively,
the "Notifications on Connected Transactions") as the company and GPSC have PTT
Public Company Limited ("PTT") as a mutual major shareholder. The transaction
represents the highest value of 2.88 percent of the net tangible asset value of
the Company (calculated the net tangible assets value of the Company from the
reviewed consolidated financial statements of the Company ended 31st March
2018). In this regard, this transaction represents the value of higher than 0.03
percent but not exceeding 3 percent of the net tangible asset value of the
Company. According to the Notice of Connected Transaction, the Company is
required to disclose the information memorandum regarding the providing
financial assistance transaction which considers as connected transaction to the
 Stock Exchange of Thailand as appears in the enclosure.
Please be informed accordingly.
Sincerely yours,


Ms. Duangkamol Settanung
Executive Vice President - Finance and Accounting	
Information Memorandum on Connected Transaction
Providing financial assistance to Global Power Synergy Public Company Limited
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1.	Date, Month, Year of the Transaction
1.1	Transaction date : within 2018
1.2	The related contractual parties and their relationship : Global Power 
Synergy Public Company Limited has
   PTT Public Company Limited as a mutual major
    Shareholder.
                                                                               
Relationship : PTT hold 48.79% in the company and hold 22.58% in  GPSC.
1.3	Details of transaction
Transaction	Details
Nature of Transaction	Providing financial assistance
Objectives	To support Global Power Synergy Public Company Limited' s Acquisition
 of  Shares in Glow Energy Public Company Limited
Type of Loan	Short-term loan of not exceeding 12 months (Bridging Loan)
Interest Rate	The interest rate is comparable to the short-term financing from 
commercial banks with the comparable term and conditions.
Currency	Thai Baht (THB)
Term	Not exceeding 12 months
Repayment	Single repayment, payable at the expiration of the loan agreement or 
prior to the expiration of the loan agreement, and with the interest payable
every three months.
Total Loan Amount	Not exceeding Baht 8,000 million

1.4	Total Value of Transaction and Criteria used in Determining the Transaction 
Value
The providing financial assistance transaction above, the Company has limited 
total loan amount at Baht 8,000 million which represents the value of 2.88
percent of the net tangible asset value of the Company (calculated the net
tangible assets value of the Company from the reviewed consolidated financial
statements of the Company ended 31st March 2018). In this regard, the entering
into the short-term loan agreement represents the value of higher than 0.03
percent but not exceeding 3 percent of the net tangible asset of the Company.
Therefore, it is classified as medium size according to the Notification of
Connected Transaction.


1.5	Details of Connected Persons
The Company holds 22.73% of Global Power Synergy Public Company Limited.

1.6	Source of fund
Internal cash funding

1.7	Conditions which may affect the Shareholders' Rights
None

1.8	The opinion of Directors
Board of Directors has approved to enter into this transaction. Consideration of
this connected transaction, no director who was the stakeholders attended the
meeting or exercised the voting right to approve the transaction.

1.9	The opinion of the Audit Committee and/or Director of the company which 
differ from the opinion of Board of Directors
None
______________________________________________________________________

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