Ref.No. IVL006/07/2012

27 July 2012

President
The Stock Exchange of Thailand

Subject: Report on the formation of a new subsidiary in USA.

With reference to the disclosure made by Indorama Ventures Public Company
Limited ("IVL") on 4 April 2012, IVL would like to inform the formation of
another new indirect holding subsidiary, Indorama Ventures OGL Holdings LP
("IVOHLP") on June 30, 2012 to hold the Old world business in USA.

The new company is held 0.10% by Indorama Ventures Capital LLC, and 99.90% by
Indorama Ventures Holdings LP.


Please be informed accordingly.

Yours faithfully,


(Mr. Souvik Roy Chowdhury)
Company Secretary
______________________________________________________________________
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