February 15, 2010

The Stock Exchange of Thailand

Subject: Update on Indorama Petrochem Company Limited (IRPTA)

With reference to the disclosure made in the prospectus on the IEAT letter to
Indorama Petrochem Company Limited, we would like to inform that IRPTA has
undertaken and completed all the necessary requirements as stated in the said
letter and informed IEAT.

Indorama Petrochem Company Limited is a 100% owned subsidiary of Indorama
Ventures Public company Limited (IVL).

Please be informed accordingly.

Yours faithfully,

Mr. Sashi Prakash Khaitan