Referring to the Central Pattana Plc (CPN) report on the additional investment in a 99.99%-owned subsidiary, Central Pattana Chiangmai Co.,Ltd. , CPN now reported that it subsidiary board of directors has resolved to increased registered capital from Bt100 million to Bt300 million. CPN thereforehas additionally purchased shares in the subsidiary to maintain its share holding ratio of 99.99%. The details of the investment are as follows: 1. Capital increase objective : To use proceeds gained from capital increase as an investment fund for developing department store business in Central Pattana Chiangmai Co.,Ltd. project 2. Type of business : Department store 3. Registered capital : From Bt100 million to Bt300 million. The increase amount of Bt200 million was made by issuing 2 million prefered shares at a par value of Bt100. 4. Payment : To maintain share holding of 99.99% in the subsidiary, CPN has to pay Bt199,998,600 for a prefered shares value 5. Calculation of acquired assets : After the publishing on CPN current financial statements as of August 15, 1996, CPN has did many transactions. This transaction which will be taken into the calculation with thos transactions will have transaction size over than 15%, but lower than 50%. This transaction was typed in the transaction no.2. This transaction therefore was under an acquisition or disposition of listed company assets. Translated by the Nations