Ref.: SCG-05-002 Dated 21 January 2005 Subject: Utilization of the increased capital Attention: The President The Stock Exchange of Thailand Sahacogen (Chonburi) Public Co., Ltd would like to inform that the incremental equity amount of 420 million Baht received from issuing 135,000,000 ordinary shares to the public have been progressively utilized as following:- June 30, 2004 December 31, 2004 1. Received from issuing share (million Baht) 420.00 129.16 2. Investment (million Baht) 2.1 Land for the 44 MW 32.57 - Plant Expansion Project 2.2 Payment for Engineering/ Procurement/Construction of the Cogeneration plant of the 44 MW Plant Expansion Project 224.87 105.79 2.3 Payment for Engineering/ Procurement/Construction of the electrical distribution system and substation of the 44 MW Plant Expansion Project 33.40 23.37 Balanced 129.16 0.00 Yours sincerely, (Mr. Viroj Theeravatvatee) Managing Director