Translation

Italian-Thai Development Public Company Limited ("the Company") is pleased to inform SET that on Nov 14 , 2011 the Company has signed a memorandum of understanding (MOU) with Ratchaburi Electricity Generating Holding Public Company Limited (RATCH) to jointly develop
400 MW, and 2 x 1,800 MW coal-fired power plant projects which was located in the Dawei Industrial Estate , the Republic of the Union of Myanmar. The power plant will distribute the electricity to other industrials operating in the Dawei Industrial Estate and the Electricity Generating Authority of Thailand, respectively. Regarding to the Ownership agreement, it said ITD will hold 70% stake and its RATCH 30% stake in the power project company. Following the MOU, the Parties will further sign Joint Development Agreement to set up the project development plan and project study in details leading to the purpose of the decision to jointly develop the project in the joint venture company.