the Company, at which the directors who had no interest in the connected transaction attended, had the opinion that the entry into such supporting normal business transaction is justified and will

the overall terms and conditions and the need for business benefits and opportunities are justified, the independent financial advisor has recommended that the shareholders reject the proposed private

significantly alter the returns and risks of the fund, for example, the calculation and announcement of asset value, unit value, subscription and redemption prices. The consultation paper can be

justified and will benefit the Company. Such Connected Transaction is considered as an arm’s length basis. This transaction was considered and reviewed by the Audit Committee. 5. Connected Persons and

of Directors and the Audit Committee opine that the early retirement and the subsequent compensation payment to Kitti are justified, claiming that this decision will help resolve ongoing management

justified since it would be employee’s welfare, resulting in the Company’s benefit. In addition, the Meeting also revealed that the building (dormitory) was located not far from the Wattanapat Hospital Trang

the entry into such supporting normal business transaction is justified and will benefit the Company. Such Connected Transaction is considered at arm’s length basis. This transaction was considered and

Committee and Board is of the opinion that the transaction of acquiring 24% stake in PT. Indorama Petrochemicals by INBV from PTIRS is justified in view of the improving of PTA market conditions and the

PTIRS is justified and the acquisition price paid is as per the Call Option agreement dated November 30, 2011 (as amended). Please be informed accordingly. Yours faithfully, (Mr. Souvik Roy Chowdhury

normal business transaction is justified and will benefit the Company. Such Connected Transaction is considered at arm’s length basis. This transaction was considered and reviewed by the Audit Committee. 5