Polyplex Thailand

News

Capital Increase in PSPL (Additional Information)

Backพฤศจิกายน 01 2549

31ST October 2006

Subject : Capital Increase in PSPL (Additional Information)

To : President The Stock Exchange of Thailand

With reference to our report sent to the SET regarding the expansion project in Turkey dated 30th October 2006, the Company would like to provide the additional information of this project as follow :-

(2) Capital Increase in PSPL

Name of Business : Polyplex (Singapore) Pte. Ltd. (PSPL),

Nature of Business : PSPL is an investment holding company established under Singapore Law to invest in the PET film business in Turkey.

Capital Structure : As of 30 September 2006, PSPL's registered capital was USD 4 million (equivalent to Baht 150 million) consisting of 100,000 ordinary shares of a par value of USD 10 (equivalent par value Baht 376) each and 300,000 preference shares of a par value of USD 10 each(equivalent par value Baht 376). The current paid-up capital (before capital increase by PTL) is USD 33.48 million, divided into 100,000 ordinary shares at an issue price of USD 10 each(equivalent par value Baht 376) and 116,000 preference shares at the issue price of USD 280 per share (As per local Singapore guidelines, there is no need for specific par value and premium value on issue of shares - both equity and preference. Thus shares can be issued at any particular issue value as per the company's Memorandum and Articles of Association). This would go up to a maximum of USD 41.40 million (as per the approved plan for the existing phase of investment comprising the first Pet film line, Metallizer plant and the Pet chips project) after completion of the existing projects under implementation in PE by way of subscription to additional preference shares on the same terms by the company. After completion of the proposed capital increase by PTL, the total paid up capital will be a maximum of USD 71.50 million. The Company own 100% of the issued shares in PSPL.

Your Faithfully,
Polyplex (Thailand) Public Company Limited

Mr.Manish Gupta
Director

Name of Business :	Polyplex (Singapore) Pte. Ltd. (PSPL),
Nature of Business :	PSPL is an investment holding company established under Singapore Law to invest in the PET film business in Turkey.
Capital Structure :	As of 30 September 2006, PSPL's registered capital was USD 4 million (equivalent to Baht 150 million) consisting of 100,000 ordinary shares of a par value of USD 10 (equivalent par value Baht 376) each and 300,000 preference shares of a par value of USD 10 each(equivalent par value Baht 376). The current paid-up capital (before capital increase by PTL) is USD 33.48 million, divided into 100,000 ordinary shares at an issue price of USD 10 each(equivalent par value Baht 376) and 116,000 preference shares at the issue price of USD 280 per share (As per local Singapore guidelines, there is no need for specific par value and premium value on issue of shares - both equity and preference. Thus shares can be issued at any particular issue value as per the company's Memorandum and Articles of Association). This would go up to a maximum of USD 41.40 million (as per the approved plan for the existing phase of investment comprising the first Pet film line, Metallizer plant and the Pet chips project) after completion of the existing projects under implementation in PE by way of subscription to additional preference shares on the same terms by the company. After completion of the proposed capital increase by PTL, the total paid up capital will be a maximum of USD 71.50 million. The Company own 100% of the issued shares in PSPL.