PTTCH's CEO ranked Top 40 Power Players

BANGKOK, December 22 - ICIS, the world's leading chemical consultant, has rated PTT Chemical
Plc's President & CEO, Mr. Veerasak Kositpaisal, among the 2009 ICIS Top 40
Power Players of the year 2009. He is also the only one Thai business leader
to join the list.

Mr. Veerasak Kositpaisal has gained an in-depth experience in petroleum
and petrochemical business from his previous position in the top management
team of Exxon Mobil before joining PTT Group. He became the President & CEO
of PTT Chemical Public Company Limited on 1 October 2008 when the global
economy was suffering from the sub-prime turmoil. With his vision and
practical measures for coping with the situation, PTT Chemical has gone
through the difficult time and has recovered from profit loss within the
first half of the year. The Company posted a profit of Baht 4,568 million
during the first 9 months of this year which is three times higher than
estimation.

The sub-prime crisis which has rippled through the entire U.S. and world
economy cost global loss of over US$1 trillion and has an impact on many
industries. The petrochemical industry also faces the downturn and is
affected by the major corporations' plans to cope with the crisis which can
be ranging from postponing business expansion plan, selling unprofitable
units, to slashing workforce to cut cost. Affected by the wave of economic
crisis, PTT Chemical rapidly adopted an immediate action plan. The strategic
action took place in four areas including Marketing and Sales - becoming more
proactive in sale and marketing; Operation - improving and maintaining
efficiency of operation; Cash Flow Management - keeping financial discipline
and inventory and stock control; and Working System Improvement - attaining
more value-focused and cost-effective approaches to management, for example,
an application of Supply Chain Management which helps reducing logistic and
procurement cost.

PTT Chemical Plc, PTT Group's flagship company in the Olefins business,
currently has the Olefins production capacity of 1.8 million tons per year
and HDPE production capacity of 800,000 tons per year, making it the largest
petrochemical producer in ASEAN region.

ICIS is the world's leading experienced chemical consultant. With network
across the globe it provides high quality and commercially useful
petrochemical and chemical news report and analysis.

Apart from revealing top CEOs from the leading and respected companies
worldwide, the ICIS Top 40 Power Players also shows that Mr. Veerasak
Kositpaisal, PTT Chemical's President & CEO, is one of the five business
leaders from Asia and the only one from Thailand.

For more information, please contact Public Relations Division:

    Ms. Nichapa Charuskraisorn
    Tel. (+66)-22658633
    E-mail :nichapa.c@pttchemgroup.com

    Ms. Sahasaya Panichapong
    Tel. (+66)-22658436
    E-mail : sahasaya.p@pttchemgroup.com

www.pttchemgroup.com

Public Relations Division, Ms. Nichapa Charuskraisorn, +66-22658633, nichapa.c at pttchemgroup.com, or Ms. Sahasaya Panichapong, +66-22658436, sahasaya.p at pttchemgroup.com