Thai Oil Public : Resolutions of the Extraordinary General Meeting of Shareholders No. 1/2020

		(Translation)
Ref. TBK 01/0579
		October 28, 2020
Subject:	Resolutions of the Extraordinary General Meeting of Shareholders No. 1/2020
To	:	President of the Stock Exchange of Thailand
CC	:	Secretary-General of the Office of Securities and Exchange Commission

Thai Oil Public Company Limited (the "Company") would like to report the resolutions of the Extraordinary General Meeting of Shareholders No. 1/2020 (the "Meeting") held on Wednesday, October 28, 2020, at 10.00 hrs., at Bangkok Convention Center, 5th Floor, Central Plaza Ladprao, located at 1695 Phaholyothin Road, Chatuchak Sub- district, Chatuchak District, Bangkok 10900. The Meeting resolved as follows:

Agenda Item 1 To consider approving the restructure of the Company's shareholding in power business (the "Restructuring Plan"), comprising a disposal of all shares directly held by the Company in Global Power Synergy Public Company Limited to PTT Public Company Limited (the "Share Disposal Transaction"); and an acceptance of the entire business transfer from Thaioil Power Company Limited (the "EBT Transaction"), which are the connected transaction and the acquisition and disposition of assets of listed company

ResolutionThe Meeting, by the number of votes of not less than three-fourths (3/4) of the total number of votes of the shareholders attending the Meeting and having the right to vote, resolved to approve the Restructuring Plan comprising the Share Disposal Transaction and the EBT Transaction, including the execution of the relevant contracts and agreements which are the connected transaction and the acquisition and disposition of assets of a listed company per details proposed and approve to authorize the Chief Executive Officer and President to take any actions necessary for and in connection with the Share Disposal Transaction and the EBT Transaction, and to appoint any employee in the Thai Oil's group of companies to be substitute(s) having the scope of authority as the Company's Chief Executive Officer and President may deem appropriate, necessary for and in relation to the successful completion of the Share Disposal Transaction and the EBT Transaction per details proposed.

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The resolution of the Meeting consists of the following votes, excluding 979,765,183 votes of shareholders having conflict of interest:

	Approved	523,810,319	votes	99.9739%
	Disapproved	33,700	votes	0.0064%
	Abstained	101,401	votes	0.0194%
	Voided Ballots	1,700	votes	0.0003%
Agenda Item 2	Others
	None

Yours truly,

Thai Oil Public Company Limited

-----------------

Mr. Wirat Uanarumit

Chief Executive Officer and President

Corporate Secretary and Governance Section:

Tel.: [phone] ext. 43320, 43322, 43323, 43326

Fax: [phone]

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