On March 5, Taipower’s Board of Managing Directors approved the issuance of the first quarter of unsecured ordinary corporate bonds for 2011 in mid-April in the amount of NT$17.65 billion in order to raise funds for power development. According to Taipower, to continue developing diversified power sources and power grids to ensure stable power supply, this fund raising is mainly for the plan of building a new gas-fired unit in the Taichung Power Plant, the plan for an additional gas-fired double-cycle power generator in the Datan Power Plant, and the seventh power transmission and transformation plan.

Taipower indicated that the terms of the corporate bonds are as follows:

1. 5-year unsecured ordinary corporate bonds: NT$3.4 billion shall be issued at an interest rate of 0.45%. The interest shall be calculated at a fixed interest rate. The interest shall be paid once a year, and the principal shall be repaid in a lump sum at maturity.

2. 7-year unsecured ordinary corporate bonds: NT$10.55 billion shall be issued at an interest rate of 0.55%. The interest shall be calculated at a fixed interest rate. The interest shall be paid once a year and the principal shall be repaid in a lump sum at maturity.

3. 10-year unsecured ordinary corporate bonds: NT$3.7 billion shall be issued at an interest rate of 0.62%. The interest shall be calculated at a fixed interest rate. The interest shall be paid once a year and the principal shall be repaid in a lump sum at maturity.

4. The issuance of corporate bonds in this quarter shall be confirmed after declaration becomes effective.

Spokesperson: Chang Ting-Shu, Chief Administrator

Telephone: (02)2366-6271/0936-625-552

Email: u742433@taipower.com.tw

Contact Person: Chen Li-Chen, Deputy Director of the Department of Finance

Telephone: (02)2366-6811/0932-338-770

Email: u048292@taipower.com.tw