Electricity Generating Public : 12 May 2020 Appointment of Auditors for year 2020

No. EGCO 110/426

Date:	May 12, 2020
Attention:	President of the Stock Exchange of Thailand
Subject:	Appointment of Auditors for year 2020
Reference:	The Company Disclosure No. EGCO 110/374 dated April 2, 2020 Re: Postponement
	of Shareholders' 2020 Annual General Meeting and Approval of Interim Dividend
	Payment

The Board of Directors of the Electricity Generating Public Company Limited ("the Board of Directors") or "EGCO" in the meeting no. 5/2020 on April 2, 2020 took into account the Shareholders' and related parties' health sake, the representation of a shared sense of social responsibility, and the response to the Government's policy to help control the spread of virus during the situation of the 2019 Coronavirus Pandemic ("COVID-19"). Therefore, the postponement of Shareholders' 2020 Annual General Meeting ("AGM") and approval of interim dividend payment were then approved as detailed in the referred Company Disclosure. Consequently, the agenda item to appoint the auditors and to determine the audit fee has also been postponed until the arrangement of EGCO's AGM once the COVID-19 situation is improved.

However, the Office of the Securities and Exchange Commission ("SEC") announced the Notification of Capital Market Supervisory Board Tor. Jor. 28/2020 dated March 27, 2020, allowing the listed companies that are unable to convene the AGM to appoint the company's auditors due to the COVID- 19 situation to submit the company's first-quarter 2020 financial statements reviewed by the auditors who are approved by SEC and are appointed by the company's board of directors. Additionally, the company is required to subsequently propose to the shareholders for approval the appointment of its auditors in the upcoming AGM.

In this regard, the Board of Directors in the meeting no. 5/2020 on April 2, 2020 endorsed the auditors from PricewaterhouseCoopers ABAS Limited ("PwC"), who were approved by SEC and endorsed by EGCO's Audit Committee in the meeting no. 1/2020, as the Company's auditors for year 2020 with the following details:

1. That Ms. Amornrat Pearmpoonvatanasuk, Certified Public Accountant (Thailand) No. 4599, Mr. Vichien Khingmontri, Certified Public Accountant (Thailand) No. 3977, and Ms. Rodjanart

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Banyatananusard, Certified Public Accountant (Thailand) No. 8435, of PwC were appointed to be the Company's auditors, anyone being authorized to conduct the audit and provide the opinions on the financial statements of the Company.

If the appointed auditors could not perform the duties, PwC should appoint other PwC auditors with the endorsement from EGCO's Board of Directors.

1. That the audit fee for year 2020 was determined at THB 3,522,400 and the out-of-pocket expenses for audit work in Thailand of not exceeding THB 175,000. Expenses incurred from any offshore audit work of the auditors shall be borne by the Company.
2. That EGCO's Board of Directors was authorized to approve the audit fee for reviewing financial statements of any new subsidiaries, associated and joint venture companies in 2020.

As such, once the COVID-19 outbreak situation is improved, EGCO shall convene the AGM and propose to the Shareholders for approval of the appointment of the auditors and the audit fee for year 2020.

Yours sincerely,

Gumpanart Bumroonggit

Senior Executive Vice President - Strategy & Asset Management and

Acting President

Corporate Secretary Division

Tel. [phone] - 27

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