August 7, 2006 Subject: Asset Acquisition Attention: The President The Stock Exchange of Thailand Reference to the Board of Directors meeting no. 4/2006 for Sahacogen (Chonburi)PCL dated on August 3, 2006; there is a resolution of approving the Biomass Power Plant Project to be carried on at the Saha Group Industrial Park Kabinburi, Kabinburi province detailed as the following:- 1. Type of business: a biomass cogeneration combined cycle power with gross capacity of 9.9 megawatts and 40 ton per hour of steam respectively. This power plant is located at the Saha Group Industrial Park Kabinburi, Amphoe Kabinburi, Kabinburi province. The key raw materials are biomass products such as cassava rhizome, corncob, bark, husk etc. An electricity and steam will be supplied to the Electricity Generating Authority of Thailand (EGAT) and industrial tenants in the Saha Group Industrial Park Kabinburi respectively. 2. Objectives of the project: to expand its business in the field of power plant and support the Governments policy in using renewable energy 3. Starting dated: to start a construction phase in August 2006 4. Value of asset acquisition:an investment cost is 978 million Baht 5. The benefits of this project: - develop local agriculture, increase an employment and raise an income to local people - income cycling to agriculturists from selling agricultural products and unused agricultural barks - decrease of foreign currency spending on importing fuel material - decrease of loss in electricity distribution and create stability and efficiency of electricity to local area 6. Fund of the project: 25% of current cash and the rest is a long-term loan from a financial institution 7. The Board of Directors resolution: agree and approve to keep going on the project 8. Type of rules and regulation: according to the regulations of the Stock Exchange of Thailand regarding to the Disclosure of Information and Other Acts of Listed Companies concerning the Acquisition and Disposition of Assets, 2004 (Class 2 in the Part 2), the Company shall serve a written notice of any assets acquisition, in case that its value of any translations is equal to 15 percent or more but lower than 50 percent, on its shareholders within 21 days from the date of disclosure of information to the Exchange without setting up the shareholders meeting for their approval. Please be informed accordingly. Yours sincerely, Mr. Viroj Theeravatvatee Managing Director