Ref.No. IVL 003/01/2012

4 January 2012

The Stock Exchange of Thailand

Subject: The Amalgamation of Subsidiaries in Poland

Indorama Ventures Public Company Limited ("IVL") would like to inform the
amalgamation of two of their indirect subsidiaries in Poland.

IVL Poland Sp. z o.o. will merge with Indorama Polymers Poland Sp. z o.o. and
the merged entity will be known as Indorama Ventures Poland Sp. z o.o, effective
January 2012.

Please be informed accordingly.

Yours faithfully,

(Mr. Souvik Roy Chowdhury)
Company Secretary