7. Capital Structure

Securities of The Company

As at 31 December 2010, Indorama Ventures PCL had registered capital of
Baht 4,815,856,719 and paid-up capital of Baht 4,334,271,047 divided
into 4,334,271,047 ordinary shares with the par value of Baht 1 per
share.

Major Shareholders

+-----+-----------------------------------------+-------------+-------+
| R   | Shareholders                            | Number of   | %     |
| ank |                                         | Shares      |       |
+-----+-----------------------------------------+-------------+-------+
| 1.  | Indorama Resources Ltd.                 | 3,          | 71.97 |
|     |                                         | 119,434,540 |       |
+-----+-----------------------------------------+-------------+-------+
| 2.  | Bangkok Bank PCL.                       | 206,082,850 | 4.75  |
+-----+-----------------------------------------+-------------+-------+
| 3.  | Indorama Synthetics (India) Ltd.        | 128,029,200 | 2.95  |
+-----+-----------------------------------------+-------------+-------+
| 4.  | Thai NVDR Ltd.                          | 65,311,994  | 1.51  |
+-----+-----------------------------------------+-------------+-------+
| 5.  | HSBC (Singapore) Nominees PTE. Ltd.     | 48,391,822  | 1.12  |
+-----+-----------------------------------------+-------------+-------+
| 6.  | Mr. Kamlesh Chandumal Daswani           | 36,000,000  | 0.83  |
+-----+-----------------------------------------+-------------+-------+
| 7.  | K Equity LTF                            | 23,941,900  | 0.55  |
+-----+-----------------------------------------+-------------+-------+
| 8.  | GPF EQ-TH                               | 19,843,600  | 0.46  |
+-----+-----------------------------------------+-------------+-------+
| 9.  | American International Insurance        | 18,000,000  | 0.42  |
|     | Company Limited-Tiger                   |             |       |
+-----+-----------------------------------------+-------------+-------+
| 10. | Energy and Petrochemical Index Fund     | 16,824,800  | 0.39  |
|     | (FAM EPIF)                              |             |       |
+-----+-----------------------------------------+-------------+-------+

Note: Indorama Ventures PCL’s top 10 shareholders at the closing date of
the share register for receiving Transferable Subscription Rights as of
27 December 2010

Dividend Policy

The Company has a policy to pay a total dividend of not less than 30% of
our net profit after tax and after the appropriation of the reserve.
However, our Board of Directors may amend the dividend policy at any
time to take into account the availability of funds to be used as a
reserve for debt repayment, capital investment for production expansion,
to react to changing market conditions or as required to manage the
company’s future cashflows.

The payout of dividend by the subsidiaries to IVL is not less than 80%
of their net profit after tax and after appropriation to reserve fund.
However the subsidiary Board may amend the dividend payment at any time
to take into account the availability of funds to be used as a reserve
for debt repayment, capital investment for production expansion, to
react to changing market conditions or as required to manage their
company’s future cashflows.