Joint investment project with PT Pertamina (Persoro), a national oil company of Indonesia, aiming to jointly study and invest in petrochemical plants, both in up-stream and down-stream industries, in Indonesia. This project has an investment value of 4-5 billion USD. The joint venture agreement is expected to be signed before the end of 2013.

Joint investment project with Sinochem International of China, aiming to jointly study opportunities to cooperate an expand our respective petrochemical businesses through the establishment of a polyurethane and polycarbonate production plant in China, where the demand and the growth rates are high. This joint investment is expected to be concluded by the end of 2013.

Adjustment of management structure to support business expansion

The adjustment of the company's management structure was aimed at supervising the production and business operations to ensure suitability and consistency with the organization's strategic direction, and increase competitiveness as well as support sustainable growth, comprises of the following:

Appointing Mr. Kun Patumraj, Vice President of Engineering and Maintenance as Chief Operating Officer - Up Stream Petrochemical Business (COU), to supervise the operations at the oil refinery plant and Up Stream Petrochemical Unit, consisting of Aromatics Plant Units and Olefins Plant Units.

Appointing Mr. Athavudhi Hirunburana, Vice President of Polymer Business Unit as Chief Operation Officer - Down Stream Petrochemical Business (COD), to supervise the operations of the Polymer Business Unit, EO-Based Performance Business Unit, Green Chemicals Business Unit and High Volume Specialties Business Unit.

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