Sakol Energy Public Company Limited held on 24 September 2021 approving the termination of the following contracts between the Company and PTT Public Company Limited (‘PTT’): Natural gas compression contract by private mother station no. PTT/KorThor.01/54 dated 23 February 2011; and Amendment no. 1 to natural gas compression contract by private mother station dated 13 June 2012 (collectively, the ‘Natural Gas Compression Contract’). For the termination of the Natural Gas Compression Contract, the Company agreed to accept PTT's offer regarding the payment of availability payment (AP) based on the remaining term of the Natural Gas Compression Contract in the amount of THB 80 million (according to the present value of AP as of 2020). If there is any payment of AP during the year 2021, PTT shall offset the payment of AP paid to the Company with the payment of the said offer. The termination of the Natural Gas Compression Contract is not considered as the acquisition or disposal of assets of the Company therefore, the Company is not obliged to prepare the information memorandum and not to disclose such information memorandum to the Stock Exchange of Thailand (the "SET") and neither being obliged to circulate such information memorandum to the shareholders nor to request for approval from the shareholders' meeting of the Company pursuant to the Notification of Capital Market Supervisory Board No. Tor. Jor. 20/2551 Re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of Assets (as amended), and the Notification of the Board of Governors of the Stock Exchange of Thailand Re: Disclosure of Information and Other Acts of Listed Companies Concerning the Acquisition and Disposal of Assets B.E. 2547 (2004) (as amended) (the ‘Acquisition and Disposal of Assets Notifications’), and this transaction is not deemed as the connected transaction transaction pursuant to Notification of the Capital Market Advisory Board No. Tor Jor. 21/2551, Re: Rules on Connected Transactions (as amended), and the Notification of the Board of Governors of the Stock Exchange of Thailand, Re: Disclosure and Acts of Listed Companies on Connected Transactions B.E. 2546 (2003) (as amended) (the "Connected Transaction Notification") due to PTT is not a connected person of the Company. The Company is not obliged to comply with the Connected Transaction Notification. However, upon due consideration, the Board of Directors' meeting has resolved that the acceptance of the offer regarding the termination of the Natural Gas Compression Contract was considered as the transaction which might have or had an material impact with the decision on investment due to the private mother station (Ban Na-Kaeng Khoi) in Saraburi Province was a part of core business of the Company although to the transaction size was equivalent to 4.54% based on the comparison between the value of consideration and the total assets of the Company (the calculation based on the consolidated financial statements of the Company for the period ended 30 June 2021 reviewed by an auditor). The Company, therefore, would like to inform the material information regarding acceptance of the offer for termination of the Natural Gas Compression Contract as set out below. Period required for termination of the Natural Gas Compression Contract with PTT PTT shall consider and approve the confirmation letter on acceptance of offer for termination of the Natural Gas Compression Contract by private mother station (Ban Na-Kaeng Khoi) in Saraburi Province and related contract between Sakol Energy Public Company Limited and PTT Public Company Limited. The Company expects that the termination of the Natural Gas Compression Contract shall be completed within the first quarter of the year 2022, unless agreed otherwise. The Company has voluntarily confirmed and accepted the offer for termination of the Natural Gas Compression Contract with PTT. The Company expects to receive availability payment (AP) in the amount of THB 80 million in the first quarter of the year 2022. In case there is any event that have or may have material impact, the Company shall request that it shall have the right to propose increase or decrease of availability payment (AP) to be paid by PTT. PTT shall have the right to accept or not accept such increase of decrease of availability payment (AP), or the Company shall have the right to terminate the termination of the Natural Gas Compression Contract, unless agreed otherwise by the parties.