BCP increases the valuation price of "ESSO shares" once again to 9.94 baht/share after reporting the Q1/66 budget.

Bangchak Corporation Public Company Limited (BCP) announced that, as previously disclosed on January 12, 66, it has entered into a share purchase agreement with ExxonMobil Asia Holdings Pte. Ltd. for the direct acquisition of 2,283,750,000 ordinary shares in Esso (Thailand) Public Company Limited (ESSO) (representing approximately 65.99% of ESSO's total issued shares as of September 30, 65) from the seller, and a tender offer for the remaining 1,177,108,000 ordinary shares in ESSO (representing approximately 34.01% of ESSO's total issued shares as of September 30, 65).

Due to ESSO's release of its financial statements for the 1st quarter of 66, the company has prepared an estimate of the share purchase price based on information publicly disclosed by ESSO and estimates of 1. hydrocarbon inventory information and 2. inventories of imported lubricant products and solvents. chemical which is a business that is not part of the transaction as of 31 Dec. 65

However, ESSO's actual inventories may differ from the estimates made by the company. Under the assumptions described above, together with reference to information from financial statements. The total value of shares to be traded calculated according to the price adjustment mechanism will be 22,703 million baht or 9.94 baht per share.

However, the total value of the shares traded is for illustration purposes only and is not the final price for the share purchase transaction. The total value of shares traded on the date of completion of the share purchase transaction may increase or decrease in accordance with the principle.