06 March 1997

CLARIFIES ITS 1996 FINANCIAL STATEMENT

Central Pattana Plc (CPN) reported its audited annual financial statement as follows: (in thousands) For 1 year Ending December 31 1996 1995 CPN Net profit 552,690 457,808 EPS(Baht) 5.53 4.58 Central Pattana Plc (CPN) clarified its operating performance in the 1996 profit and loss statement which showed a more than 20% change or making Bt95 million more profit from last year or 20.73% as follows: The company has opened Pinklao branch in March 31, 1995 and made more revenues and also floor space sales in Lad Prao project make it receive higher profit in 1996 than in 1995