PTT Exploration and Production Tender Offer Extension – More Than 80% Tendered

BANGKOK, Nov. 26, 2019 – — Reference is made to the announcement dated November 15, 2019 (the “November 15, Announcement“) made by PTT Exploration and Production Public Company Limited (the “Company“) in relation to the Tender Offer made by the Company in respect of the U.S.$500,000,000 Subordinated Perpetual Capital Securities issued by PTTEP Treasury Center Company Limited and fully and unconditionally guaranteed on a subordinated basis by the Company (CUSIP, ISIN and Common Code: Y7150M AA5/USY7150MAA54/164939448 (Regulation S) and 69371M AA5/US69371MAA53/164978508 (Rule 144A)) (the “Existing Securities“). Unless otherwise defined herein, all capitalized terms used in this announcement shall have the meanings given to them in the November 15, Announcement.

The Company wishes to notify the holders of the Existing Securities that as at 11:59 a.m. (Hong Kong time) on November 26, 2019, 80 per cent. or more of the principal amount of the Existing Securities have been validly tendered and the Tender Offer has been  extended and the Expiration Deadline for the Tender Offer will now be 6:00 a.m. (Hong Kong time) on December 4, 2019 (the “New Expiration Deadline“).

Pursuant to the New Expiration Deadline:

(a)  the Withdrawal Deadline shall be 6:00 a.m. (Hong Kong time) on December 4, 2019

(b)  the Guaranteed Delivery Date shall be 5:00 p.m. (New York time) on December 5, 2019; and

(c)  the Settlement Date is expected to be on or about December 6, 2019.

The Tender Consideration shall be the Revised Price of U.S.$1,046.25 for each U.S.$1,000 principal amount of Existing Securities validly tendered and accepted for purchase as set out in the Tender Offer Memorandum.

Further Information

Holders are advised to read carefully the Tender Offer Memorandum for full details of and information on the procedures for participating in the Tender Offer. Copies of the Tender Offer Memorandum are available, subject to offer and distribution restrictions, on the Tender Offer Website: 

Requests for information in relation to the Tender Offer should be directed to:

Citigroup Global Markets Inc.

390 Greenwich St, 1st Floor

New York, NY 10013

United States of America

Telephone: +1 212 723 6106 (New


+44 20 7986 8969 (London)

+852 2501 2552 (Hong Kong)


Attention: Debt Syndicate Desk

The Hongkong and Shanghai Banking

Corporation Limited

Level 17, HSBC Main Building

1 Queen’s Road Central

Hong Kong

Telephone: +1 212 525 5552 (New York)

+44 20 7992 6237 (London)

+852 2822 4100 (Hong Kong)


Attention: Liability Management Group

Merrill Lynch (Singapore) Pte. Ltd.

50 Collyer Quay

#14-01 OUE Bayfront

Singapore 049321

Telephone: +1 888 292 0070 (U.S. Toll-Free)

+44 20 7996 5420 (London)

+65 6678 0000 (Singapore)


Attention: Debt Capital Markets / Liability Management

Société Générale

29, boulevard Haussmann

75009 Paris


Telephone: +65 63 26 70 34 (Singapore)

+33 1 42 13 32 40 (Paris)

+1 855 881 2108  (U.S. Toll-Free)


Attention: Liability Management

Requests for information in relation to the procedures for tendering Existing Securities and participating in the Tender Offer and the submission of an electronic instruction or submission should be directed to the Information and Tender Agent:

D.F. King Limited

In Hong Kong:

Suite 1601, 16/F, Central Tower

28 Queen’s Road Central

Central, Hong Kong

Telephone: +852 3953 7230

In London:

65 Gresham Street

London EC2V 7NQ

United Kingdom

By Telephone: (+44) 20 7920 9700

In New York:

48 Wall Street – 22nd floor,

New York,

New York 10005

United States

Banks and Brokers call: +1 212 269 5550

All others call Toll-Free: +1 800 488 8075

By Facsimile Transmission (for Eligible

Institutions only): +1 212 709 3328

For Confirmation: +1 212 269 5552

Attention: Andrew Beck


Tender Offer Website: 

SOURCE PTT Exploration and Production Public Company Limited

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