Ref.: SCG-04-014 Dated 21 July 2004 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 capital amount of 420 million Baht received from issuing 135,000,000 ordinary shares to the public have been progressively utilized as following:- Investment Descriptions Total Capital Total amount used Balanced (million Baht) (million Baht) (million Baht) 1. Land for the 44 MW 32.57 32.57 - Plant Expansion Project 2. Payment for Engineering/Procurement/ Construction of the Cogeneration plant of the 44 MW Plant Expansion Project 330.66 224.87 105.79 3. Payment for Engineering/Procurement/ Construction of the electrical distribution system and substation of the 44 MW Plant Expansion Project 56.77 33.40 23.37 Yours sincerely, (Mr. Viroj Theeravatvatee) Managing Director