25 October 1996

ANNOUNCES INVESTMENT IN AYUDHYA AGRO CITY CO LTD

Central Pattana Plc. (CPN) released that it has invested in common shares accounting for 10% of registered capital of Ayudhya Agro City Co., Ltd. The details can be summarized as follows: 1. Asset Details: CPN has bought shares of Ayudhya Agro City Co., Ltd. from the existing shareholder at the proportion of 10% of the registered capital. Ayudhya Agro City Co., Ltd. has a registered capital of Bt400 million, split into 4 million shares, with a par value of Bt100 apiece. The entire amount has already been paid up. CPN invested in a total of 400,000 shares of the company. 2. Investment Objective: CPN aims at expanding its shopping mall business to cover areas in the central provinces. Ayudhya Agro City Co., Ltd. is a company operating property development business. Its project is comprised of shopping mall and residence, etc. 3. Contract Partners: CPN confirmed that it does not have any relationship with the contract partner, so the transaction is not considered a connected transaction. 4. Transaction Value: The shares costed CPN Bt114 apiece, totalling Bt45.6 million. 5. Pricing Criteria: Par value and interest for the period of holding the shares 6. Asset Acquisition Criteria: CPN confirmed that the transaction is not under the criteria concerning asset acquisition. Trnslated by The Nation