PTT Global Chemical : Signing of the Inter-Company Borrowing & Lending Agreement between PTTGC and PTT

(Translation)

Ref. No. 16-54/2020

December 21, 2020

Subject:	Signing of the Inter-Company Borrowing & Lending Agreement between PTTGC and PTT
To:	President, The Stock Exchange of Thailand

The Board of Directors of PTT Global Chemical Public Company Limited ("PTTGC") in its meeting No. 10/2012 dated October 26, 2012 has approved for PTTGC to proceed the short-term liquidity management between PTTGC and PTT Public Company Limited ("PTT") which define the details of the Inter-Company Borrowing & Lending agreement ("ICBL") between PTTGC and PTT by preparing the loan agreement and / or any other related contracts, including the renewal of the loan agreement for a further term of not more than 1 year.

In this regard, PTTGC has negotiated and come into conclusion on the term of the ICBL and signed the ICBL between PTTGC and PTT. The details are as follow:

Transaction Date	December 20, 2020
The related contractual	PTT Public Company Limited
parties and their relationship	Major Shareholder of PTTGC, which holds 47.68%
Objective	To increase efficiency of PTTGC's short-term liquidity management
Transaction	To receive financial assistance	To provide financial assistance
	Short-term borrowing	Short-term lending
The Characteristic	Uncommitted Unsecured Short-term	Uncommitted Unsecured Short-term
	Loan	Loan
Currency	Thai Baht or US Dollar, as it is agreed	Thai Baht or US Dollar, as it is agreed
Contract Period	1 year (Dec 20, 2020 - Dec 19, 2021)	1 year (Dec 20, 2020 - Dec 19, 2021)

Corporate Finance and Investor Relations

Tel. [phone] ext. 8172, 8576, 8364, 8637, 8513, 8533

-2-

The total value of	Calculated from the annual interest	Calculated from principle and annual
transaction and the criteria	expense	interest income.
of evaluation of transaction
Loan size not exceeding Baht 10,000	Loan size not exceeding Baht 5,000
	million	million
	Total value of the transactions (Both borrowing and lending) is less than 3% of
	PTTGC's Net Tangible Assets as at September 30, 2020
Interest Rate	Normal interest rate is based on market	Normal interest rate is based on market
	rate. With the interest rate on short term	rate. With the interest rate on short term
	loans: BIBOR (Bangkok Interbank	loans: BIBOR (Bangkok	Interbank
	Offered Rate) or LIBOR (London	Offered Rate) or LIBOR (London
	Interbank Offered Rate) plus Interest	Interbank Offered Rate) plus Interest
	Rate Spread by taking into account on	Rate Spread by taking into account on
	the return on investment, short-term	the return on investment, short-term
	interest rate and credit rating of	interest rate and credit rating of the
	PTTGC, which is equivalent to or lower	borrowing company,	which	is
	than the interest rate on loans from	equivalent to or better than PTTGC's
	financial institutions	cost of capital
Source of Fund	n/a	Working Capital
Termination of the Contract	With notice of not less than 5 working	With notice of not less than 5 working
	days	days

The transaction is a connected transaction under the disclosure of information concerning the connected transaction on giving or receiving financial assistance with the transaction size less than 3% of PTTGC's net tangible assets as of September 30, 2020.

Please be informed accordingly.

Sincerely yours,

(Mr. Thitipong Jurapornsiridee)

Acting Executive Vice President - Finance and Accounting

Corporate Finance and Investor Relations

Tel. [phone] ext. 8172, 8576, 8364, 8637, 8513, 8533