Acquisition of 100% partnership interest in ethylene oxide/ethylene glycol facility in USA

The Board of Directors of Indorama Ventures Public Company Limited (“IVL”) approved the acquisition of 100% partnership interest in Old World Industries I Ltd., and Old World Transportation Ltd., (collectively called “Old World”), located in Clear Lake, Texas, USA. Old World, is the largest single EO/EG production facility in the U.S. with Crude EO capacity of 435,000 tons per annum. Mono Ethylene Glycol (MEG) is one of the key components, together with Purified Terephthalic Acid (PTA), in the manufacture of Polyethylene Terephthalate (PET) and Polyester Fibers and Yarns, both downstream products of IVL. IVL has signed a definitive Purchase Agreement on 6 February 2012 with the seller in USA and the Company expects the closing of the transaction within first quarter of 2012 subject to the applicable regulatory approvals. This transaction size is 17.73 percent under the criteria of the “Value of Consideration” compared with the total assets of the Company. Therefore, the value of the above acquisition, calculated in accordance with the regulation of the Capital Market Supervisory Board and the Stock Exchange of Thailand, is more than 15 percent but lower than 50 percent as prescribed by the regulation of the Stock Exchange of Thailand Re: Disclosure of Information and Other Acts of Listed Companies Concerning the Acquisition and Disposition of Assets, 2004 (as amended).