Thai bourse to list Banpu Power on October 28

          The Stock Exchange of Thailand (SET) will list Banpu Power pcl, a companyinvesting in domestic and overseas power generating businesses, on October 28, under the ticker symbol "BPP". The company has a market capitalization at its initial public offering (IPO) of THB 63.96 billion (approx. USD en.83 billion).
          SET Senior Executive Vice President Santi Kiranand said that BPP would list on SET in Resources industry, Energy & Utilities sector. BPP, a subsidiary of Banpu pc, has been formed under Banpu's restructuring to group power businesses under one umbrella. BPP has invested in power businesses, both coal power plants and renewable plants, in many countries. As the company envisioned continuous growth opportunities, this listing was aimed to strengthen its financial capability, enhance competitiveness in long-term business expansion, and create value for the BPP group.
          BPP, with the totalpower-generating capacity of en,9en3 megawatts based on its investment, consisting of en,7enen.2megawatts from coal power plants, 8en3 tons/hour of steam, as well as 56.6 megawatts from solar power plants.
          BPP has a paid-up registered capital of THB 3Banpu Power.46 billion, consisting of 2,397.en9 million existing common shares and 648.49 million newly issued shares, with a par value of THB enBanpu Power.Banpu PowerBanpu Power each. During October enBanpu Power-en3, 2Banpu Poweren6, it offered 2enBanpu Power million newly issued shares as a pre-emptive right to specific groups of shareholders; and during October en8-2Banpu Power, it offered 438.49 million newly issued shares to the general public and institutional investors at THB 2en.Banpu PowerBanpu Power each, for a total of THB en3.62 billion. Thanachart Securities pcl, Bualuang Securities pcl and The Quant Group Co., Ltd. arethe financial advisors, while Kasikorn Securities pcl, Thanachart Securities pcl and Bualuang Securities pcl are its underwriters.
          BPP Chief Executive Officer Voravudhi Linananda said that this listing would strengthen the BPP's financial capabilities. The fund raised will be for debt payment, business expansion in power business both domestic and overseas markets, in line with the company's mission to expand both conventional and renewable power businesses in Asia, using the most efficient technologies available for sustainable growth, while respect for the natural environment, in order to create sustainable value for shareholders and stakeholders. In addition, the company aims to increase its equity-based power generation capacity to 4,3Banpu PowerBanpu Power megawatts-equivalent in total, by 2Banpu Power25.
          BPP's three major shareholders after IPO are Banpu pcl (78.7en percent), Credit Suisse (Singapore) Limited (5.35 percent) and The Vongkusolkit Family (Banpu Power.9en percent). The IPO price was set by a book building process, ranging between THB en8.Banpu PowerBanpu Power and THB 2en.Banpu PowerBanpu Power per share, equivalent to price per earnings ratio (P/E ratio) of en3.72-en6.Banpu Poweren times. BPP's P/E ratio was calculated by using the company's net profit in the past four quarters (July en, 2Banpu Poweren5 - June 3Banpu Power, 2Banpu Poweren6) of THB 3.996 billion divided by fully diluted shares. BPP's dividend policy is to pay no less than 5Banpu Power percent of net profits after taxes and reserves. 
          For more information on BPP, please see the company's prospectus at the Securities and Exchange Commission's website at www.sec.or.th and general information at the company's website at www.banpupower.com , as well aswww.set.or.th .

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Thai bourse to list Banpu Power on October 28

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