Ref.No.

01- 472/2011 July 29, 2011 Subject: To: Financial Statement for the second quarter of 2011 President The Stock Exchange of Thailand 1. A copy of Financial Statement of PTT Chemical Public Company Limited for the second quarter of 2011 ended 30 June 2011, including English translations, all of which have been reviewed by the Auditor. 2. Managements Discussion and Analysis for the second quarter of 2011.

Attachment:

The Company would like to submit financial statements for the second quarter of 2011 ended 30 June 2011, which already have been reviewed by KPMG Phoomchai Tax & Legal Ltd. and agreed from the Audit Committee on the basis that information is accurately represented and sufficient for investors, together with Managements Discussion and Analysis for the second quarter of 2011 per Attachments 1 to 2. In the second quarter of 2011, PTT Chemical Public Company Limited (the Company or PTTCH) and its subsidiaries reported net profit of Baht 6,432 million, up 180% from the same period of last year. The operating results of the Company and its subsidiaries are shown below: (Unit: Million Baht) Sales EBITDA Net Profit Basic EPS (Baht) 2Q/2011 38,192 9,148 6,432 4.24 2Q/2010 23,993 4,222 2,299 1.53 1Q/2011 35,373 8,812 6,178 4.08 Y-o-Y Change 59% 117% 180% 177% Q-o-Q Change 10% 4% 4% 4%

-2-

In 2Q/2011, crude oil price (Dubai) was 111 USD/barrel, up from 78 USD/barrel in the same period of last year due to an improving demand from global economic recovery. As a result, naphtha (MOPS) rose to 997 USD/ton or up 40% from the same period of last year. A rise in selling price of naphtha, a major feedstock for production, also pushed overall product prices to rise. In this quarter, Ethylene price was 1,683 USD/ton, HDPE was 1,389 USD/ton, LLDPE was 1,380 USD/ton, LDPE was 1,683 USD/ton, and MEG was 1,300 USD/ton, increased from the same period last year of 19%, 17%, 12%, 22%, and 26% respectively. In 2Q2011, the Companys sales volumes increased from higher production. This was due to a start up of commercial operation of 4 new plants: PTTPE cracker, HDPE units (Expansion of olefins plant l1 and BPE 2) and PTTPEs LDPE plant, which started commercial operation on December 1, 2010, January 1, 2011, and February 1, 2011 respectively. The Company reported earnings per share in the second quarter of 2011 of Baht 4.24, increasing 177% from the same period of last year due mainly to higher net profit. The details of the managements discussion and analysis for operating results in the second quarter of 2011 are as attachment 2.

Yours Sincerely,

(Veerasak Kositpaisal) President & CEO