Bangchak PCL : Disposition of Shares in Nido Production (Galoc) Pty. Ltd. by the Subsidiary

No. 10000/065/2018

13 July 2018

Subject: Attn.:Disposition of Shares in Nido Production (Galoc) Pty. Ltd. by the Subsidiary President

The Stock Exchange of Thailand

The Board of Directors of Bangchak Corporation Public Company Limited No. 6/2018, held on 18

May 2018, has resolved to approve a subsidiary of the Company, to dispose all shares holds in Nido Production (Galoc) Pty. Ltd. ("NPG"), who owns 55.8% of the Galoc Oil Field. In addition, on 12 July 2018, the subsidiary has executed the share purchase agreement with Tamarind Galoc Pte Ltd, a wholly owned subsidiary of Tamarind

Resources (which is not a connected person of the Company and the subsidiary) with the total consideration of approximately USD 20 million (or approximately THB 660 million)1, part of it will be due at the closing while the remaining will be payable at agreed terms. The transaction is not considered as a connected transaction. In addition, the size of transaction is not required to disclose information under the Rule for Acquisition and Disposition of Assets of Listed Companies.

This disposition of asset has the objective to generate cash for the new projects which is for the best interests of the Company and the shareholders of the Company.

This disclosure of the information on the disposition of shares in NPG is the report for the divestment in other company, which causes the company to being no longer a subsidiary of the Company, according to the Regulation of the Stock Exchange of Thailand Re:Rules, Conditions and Procedures Governing the Disclosure of

Information and Other Acts of a Listed Company B.E. 2560.

Please be informed accordingly.

Sincerely yours,

-Signed-

(Mr. Chaiwat Kovavisarach)

President and Chief Executive Officer

Investor Relations Division

Tel. 0 2335 8663

1 Remark: the exchange rate of THB 33 to USD 1