Ref.No.IVL005/11/2017

9th November 2017 President

The Stock Exchange of Thailand

Subject: The Establishment of 3 New Indirect Subsidiary Companies in Portugal and in USA

Indorama Ventures Public Company Limited ("IVL") would like to inform the setting up of 3 new indirect subsidiary companies in Portugal and USA as per details below:

Name of the new Subsidiary Company: Indorama Ventures Portugal PTA - Unipessoal, Lda.

Registered Country: Portugal

Nature of Business: Manufacturing of PTA

Registered Capital: Euros 10,000.00 (equivalent to Baht 387,121.00)

Percentage of Investment: 100% by Indorama Netherlands B.V., a wholly owned

indirect subsidiary company of IVL.

Name of the new Subsidiary Company: Indorama Ventures Portugal Utility - Unipessoal, Lda.

Registered Country: Portugal

Nature of Business: Utilities Services Provider

Registered Capital: Euros 10,000.00 (equivalent to Baht 387,121.00)

Percentage of Investment: 100% by Indorama Netherlands B.V., a wholly owned indirect subsidiary company of IVL.

Name of the new Subsidiary Company: Winnsboro Fibres LLC

Registered Country: the United States of America

Nature of Business: Manufacturing

Registered Capital: USD 1,000.00 (equivalent to Baht 33,340.00)

Percentage of Investment: 100% by Indorama Netherlands B.V., a wholly owned indirect subsidiary company of IVL.

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. 02-661-6664

www.indoramaventures.com

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