30 September 1996

REPORTS RESOLUTION ABOUT SYNDICATE LOAN

Central Pattana Plc (CPN) reported that the company has approved to borrow a Syndicate Loan in US dollars to payback short-term loan and to use as a capital to develop the company's project. The company therefore would like to inform about the Syndicate Loan as folllows: 1. Objective : To payback short-term loan and to use as a capital to develop its project. 2. Amount: US$30 million 3. Loan term: 3 years from the contract date 4. Interest rate: SIBOR 6 months plus 1.15% per year 5. Arranger and facility agent: Overseas Union Bank Limited (Singapore) 6. Benefits affected to shareholders: None Translated by the Nation