PTT Chemical and GE Sign Gas Turbine Service Agreement

BANGKOK, January 28 - PTT Chemical Public Company Limited, Thailand's largest chemical producer
and a regional leader in the petrochemical industry, has signed a service
agreement with GE (NYSE: GE) in Singapore to ensure the long-term reliability
of nine GE gas turbines at PTT Chemical's site in Map Ta Phut Industrial
Estate, Rayong Province, Thailand.

The 13-year Contractual Service Agreement (CSA) worth US $46.1 million or
approximately Baht 1,521 million covers the supply of parts, repairs and
field services for planned and unplanned outages for gas turbine-generators
and accessory equipment, along with performance guarantees.

Veerasak Kositpaisal, President and CEO of PTT Chemical said, "Through
this agreement, GE guarantees the continuing reliability and efficiency of
the gas turbines, which improves our efficiency and security as well as
enables us to maintain our petrochemical production schedule. The CSA also
helps us to effectively manage our maintenance budget over the life of the
agreement."

"While we have received equipment orders from PTT Chemical in the past,
this marks our first CSA with the company," said Kovit Kantapasara., GE
Energy Country Executive for Thailand and Indochina. "We hope to build on
this agreement to provide similar services to other companies in the PTT
Group." Overall, GE has supplied more than 20 gas turbines to the
petrochemical business of the PTT Group.

PTT Chemical is a diversified and integrated chemical producer offering a
wide variety of petrochemical and chemical products. Its product portfolio
includes ethylene and propylene, collectively called olefins, downstream
derivatives such as Polymers and Ethylene Oxide and Ethylene Glycol, and
oleochemicals. The company's gas-based plants have a total annual capacity of
2,888,000 tons of olefins, making it Thailand's largest olefins producer and
the second largest in all of Asia.

GE is a diversified global infrastructure, finance and media company
that's built to meet essential world needs. GE Energy is one of the world's
leading suppliers of power generation and energy delivery technologies
providing integrated product and service solutions in all areas of the energy
industry including coal, oil, natural gas and nuclear energy; renewable
resources such as water, wind, solar and biogas; and other alternative fuels.

    For more information, please contact Public Relations Division:
    Ms. Nichapa Charuskraisorn
    Tel. +66-2265-8633
    E-mail : nichapa.c@pttchemgroup.com

    Ms. Sahasaya Panichapong
    Tel. +66-2265-8436
    E-mail : sahasaya.p@pttchemgroup.com
    www.pttchemgroup.com

Nichapa Charuskraisorn, +66-2265-8633, or nichapa.c at pttchemgroup.com, Sahasaya Panichapong, +66-2265-8436, or sahasaya.p at pttchemgroup.com, both of PTT Chemical Public Company Limited