Ref.No. IVL003/01/2018

23rd January 2018

President

The Stock Exchange of ThailandSubject:Report of the Utilization of Capital IncreaseIndorama Ventures Public Company Limited (the "Company" or "IVL") would like to inform that the Company received the amount of Baht 15,522,133,113.00 as the exercise price of warrants No. 1 and No. 2 ("IVL-W1" and/or "IVL-W2") representing the rights to purchase ordinary shares of the Company for the period July - December 2017 as detailed below:

Exercised

DateNos. of Exercised

UnitsExercise Price (THB)

per UnitTotal Amount

(THB)

12th Exercise of IVL-W1

Last Exercise of IVL-W1

1st Exercise of IVL-W2

31/07/2017 24/08/2017 31/10/2017

331,380,109

99,257,582

445,959

36 36 43

11,929,683,924.00

3,573,272,952.00

19,176,237.00

15,522,133,113.00

The Company would like to report that the proceeds have been used as detailed below:

Use of Proceeds

Amount of the Proceeds used in THB

Balance of Proceeds as of

December 31, 2017

Repayment of Loans

1,920,700,000.00

0

Business Expansion

3,089,058,043.75

0

Working Capital

10,512,375,069.25

0

Total

15,522,133,113.00

0

Please be informed accordingly.

Yours faithfully,

(Mr. Souvik Roy Chowdhury) Company Secretary

INDORAMA VENTURES PUBLIC COMPANY LIMITED

75/102 Ocean Tower 2, 37th Floor, Asoke Road, Klongtoey Nuer, Wattana, Bangkok 10110, Thailand

Tel. 02-661-6661 Fax. 02-661-6664www.indoramaventures.com

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