THAI

Thai Airways International Public Company Limited

89 Vibhavadi Rangsit Road.Bangkok 10900. Tl1ailand Tel: 66 (0) 2545 - 1000. 66 (0) 2695 1000

(Translation)

1D/SB/WF/WF-Q/009

19 January 2017

Subject THAI sets up Special Task Force on Engine & Maintenance Procurement and Task Force on Corruption Prevention

To President ,

The Stock Exchange of Thailand

In response to a recent admission by Rolls-Royce to the Serious Fraud Office (SFO) of the United Kingdom on bribery payment for Rolls-Royce engine procurement in a number of countries including Thailand from 1991-2005, Thai Airways International Public Company Limited (THAI) has set up a special task force for investigating past engine procurement and another task force for corruption prevention.

actions:

THAI has reported to Thailand's Minister of Transport on the following

  1. Corruption Prevention consists of two areas

    1. Set up Task Force, headed by Mr. Pichait Riengvattanasuk, Vice

      President, Risk Management Department, to investigate past and present procedures for engine procurement and maintenance, and to ensure THAI' s process is sound and no loopholes exist in the process.

    2. A Fraud Prevention Integrity Pact between THAI and engine procurement and maintenance companies is to be developed to ensure no bribery of THAI staff.

    3. Corruption Investigation consists of setting up a Special Task Force headed by Mr. Niruj Maneepun, Advisor, Office of the President, to investigate the allegations made by Rolls-Royce concerning THAI engine and maintenance procurement from 1991-2005 and to take appropriate Company or legal actions on the findings.

      4. This matter is being reported for your information .

      Yours sincerely,

      Suvimol Bualerd

      Suvimol Bualerd

      Vice President, Corporate Secretariat Department

      A STAR A LLIA NCE MEMBER v

    Thai Airways International pcl published this content on 20 January 2017 and is solely responsible for the information contained herein.
    Distributed by Public, unedited and unaltered, on 20 January 2017 01:27:06 UTC.

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