07 April 2011

The Stock Exchange of Thailand

Subject: Expansion of PET capacity in Europe

The Board of Directors of Indorama Ventures PCL at their meeting dated April 05,
2011, has approved a Brownfield expansion of PET polymers production in Europe
with a capacity increase of 220,000 tons per year. This expansion, which is
expected to be completed in 2013 will be very cost competitive and take IVL's
total capacity in Europe of PET Polymers up to 1,300,000 mtpa. per annum through
its five strategically located operating units. The decision to approve the
expansion was motivated by the supply/demand dynamics within EU and the need for
competitive assets to improve service to customers.

Please be informed accordingly

Yours faithfully,

(Mr. Souvik Roy Chowdhury)
Company Secretary