Other Release

Bangkok, 24 October 2019: Mr. Aloke Lohia, Group Chief Executive Officer of Indorama Ventures PCL (IVL), a world-class chemicals company, and representatives from four leading financial institutions as lead underwriters, including Mr. Narin Opamuratawongse, Executive Vice President and Manager, Investment Banking Division, BBL, Mr. Thiti Tantikulanan, Capital Markets Business Division Head, KBANK, Mr. Rawin Boonyanusasna, Senior Executive Vice President Group Head, Managing Director, Global Markets Group, KTB, and Mr. Wasin Saiyawan, Senior Executive Vice President, Chief Wholesale Banking Officer, SCB, announced their readiness to offer IVL’s THB 15 billion subordinated perpetual debentures to the public. The issue, which received a credit rating of A with a Stable outlook and a coupon rate for the first five years of 5.00% per annum, will be offered to retail investors tentatively during 4-7 November 2019. The company also confirms that the terms and conditions of the new subordinated perpetual debentures are in compliance with the new accounting standard, TAS 32, which will become effective from 1^st January 2020 - enabling the subordinated perpetual debentures to be qualified as equity on the company’s balance sheet.

Persons in the photo (from left to right)

1. Mr. Ashok Jain, Senior Vice President, Corporate Finance & Accounts, IVL
2. Mr. Narin Opamuratawongse, Executive Vice President and Manager, Investment Banking Division, BBL
3. Mr. Sanjay Ahuja, Chief Financial Officer, IVL
4. Mr. Wasin Saiyawan, Senior Executive Vice President, Chief Wholesale Banking Officer, SCB
5. Mr. Aloke Lohia, Group Chief Executive Officer of IVL
6. Mr. Thiti Tantikulanan, Capital Markets Business Division Head, KBANK
7. Mr. Dilip Kumar Agarwal, Chief Executive Officer of Feedstock and PET Business, IVL
8. Mr. Rawin Boonyanusasna, Senior Executive Vice President Group Head, Managing Director, Global Markets Group, KTB