Clarification of News or Information


4 March 2011

The Stock Exchange of Thailand

Subject: Clarification on News

With reference to the article in the "Post Today", dated 4 March 2011, regarding
IVL profit forecast for Q1 2011, the Company would like to clarify that the
comments provided by its Group Chief Executive Officer, Mr Aloke Lohia for Q1
2011 were purely indicative and based on the Company's performance in January
and February 2011. No specific monetary forecasts were provided.

As of March 2011, the Company is indeed seeing growth in all its business lines
as the rising oil price is contributing to the Company's top line growth. The
Company wishes to clarify, however, that it is not yet in a position to comment
on its bottom line earnings for Q1 2011

Please be informed accordingly.

Yours faithfully,

(Mr. Souvik Roy Chowdhury)
Company Secretary