Ref.No.IVL008/02/2018

21st February 2018

President

The Stock Exchange of Thailand

Subject:The Establishment of a New Indirect Subsidiary Company in Indonesia

Indorama Ventures Public Company Limited ("IVL") would like to inform the setting up of a new indirect subsidiary company in Indonesia to undertake a feasibility study for the setting up a Mono Ethylene Glycol plant. Details as below:

Name of the new Subsidiary Company:PT. Indorama Glycol Indonesia (IGI)

Registered Country:

Indonesia

Nature of Business:

Manufacturing

Registered Capital:

USD 500,000 (equivalent to Baht 15,700,000)

Paid-up Capital:

USD 500,000 (equivalent to Baht 15,700,000)

Percentage of Investment:

Please be informed accordingly.

Yours faithfully,(Mr. Souvik Roy Chowdhury) Company Secretary

99.80% by Indorama Netherlands B.V., and 0.20% by Indorama Netherlands Cooperatief U.A., wholly owned indirect subsidiaries of IVL.

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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