Bangkok, July 8, 2014 ? The SEC will issue regulations on offering of municipal bonds issued by public sector organizations. The regulations will be based on the similar principle as those governing

70.1 27.8 42.3 152.2 FiT Premium 6.0 - 6.0 N.A. (>100) Adder 33.9 34.3 (0.4) (1.2) Revenue from waste management 11.3 9.4 1.9 20.2 Sales from Municipal Solid Waste Power Plants 121.3 71.5 49.8 69.7 Sales

underwriters. The proposed new rules cover the addition of municipal bond as securities, and filings in English version when foreign securities are offered, and the prohibition imposed to underwriters, their

(3.0) (20.7%) 40.2 50.5 10.3 25.6% Sales from Municipal Solid Waste Power Plants 121.3 122.5 111.7 126.7 15.0 13.4% 274.0 482.2 208.2 76.0% Sales of electricity - Base tariff and Ft 3.4 5.0 4.7 4.7

) Adder 31.3 33.9 30.4 (10.3%) (2.9%) 65.6 64.3 (2.0%) Revenue from waste management 9.6 11.3 13.2 16.8% 37.5% 19.0 24.5 28.9% Sales from Municipal Solid Waste Power Plants 66.2 121.3 122.5 1.0% 85.0% 137.7

2.4% Revenue from waste management 10.4 13.2 14.5 9.8% 39.4% 29.4 39.0 32.7% Sales from Municipal Solid Waste Power Plants 63.9 122.5 111.7 (8.8%) 74.8% 201.6 355.5 76.3% Sales of electricity - Base

in line with the fuel material cost of natural gas. In addition, sales of municipal solid waste power plants also decreased as the result of the expiration of Adder period of one municipal Sales and

73.7 (0.8) (1.1%) FiT Premium 4.2 6.6 2.4 57.1% Adder 33.9 - (33.9) (100.0%) Other sales and service income 13.8 14.6 0.8 5.8% Sales from Municipal Solid Waste Power Plants 126.4 94.9 (31.5) (24.9

4.4 6.0 5.9 (3.3%) 31.8% 15.0 18.4 22.7% Adder 28.4 - - - (100.0%) 89.9 - (100.0%) Other sales and service income 15.2 14.7 15.3 4.1% 0.7% 43.6 44.7 2.5% Sales from Municipal Solid Waste Power Plants

% Adder 30.8 31.3 29.5 (5.8%) (4.2%) 94.5 95.1 0.6% Revenue from waste management 10.3 9.6 10.4 8.3% 1.0% 27.5 29.4 6.9% Sales from Municipal Solid Waste Power Plant 66.4 66.2 63.9 (3.5%) (3.8%) 198.8 201.6