Acquisition and disposition of assets


Ref.No.IVL001/03/2012


6 March 2012


President
The Stock Exchange of Thailand


Subject: Acquisition of PET Resin Assets in Indonesia


Indorama Ventures Public Company Limited ("IVL") is pleased to announce the 100%
acquisition of the PET resin assets of PT Polypet Karyapersada. The PET
facility is located at Cilegon, Indonesia with a production capacity of 100,800
tons per annum.

In this regard, the Company has signed a definitive Asset Purchase Agreement
with the Seller on 5 March 2012. The transaction is expected to be completed in
the first quarter of 2012 subject to the required local regulatory approvals.

PT Polypet Karyapersada is located adjacent to IVL's joint venture PTA assets of
PT Indorama Petrochemicals (formerly known as PT Polyprima Karyareksa), a PTA
producer and will provide IVL the opportunity to further consolidate its
foothold in expanding Indonesian PET market.

The assets will be held by a new IVL, indirect subsidiary, PT. Indorama Polypet
Indonesia.

The value of the assets acquisition, calculated in accordance with the
regulation of the Capital Market Supervisory Board and the Stock Exchange of
Thailand, is less than 15 percent as prescribed by the regulation of the Stock
Exchange of Thailand Re: Disclosure of Information and Other Acts of Listed
Companies Concerning the Acquisition and Disposition of Assets, 2004 (as
amended).


Please be informed accordingly.


Yours faithfully,




(Mr. Souvik Roy Chowdhury)
Company Secretary
______________________________________________________________________
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