18 March 1997

CLARIFIES NEWS IN KRUNGTHEP TURAKIJ NEWSPAPER

Central Pattana Plc (CPN) reported as there was news in Krungthep Turakij newspaper as of March 18, 1997 concerning Univest Land Plc was negotiating to sell Bangkok Dome Plaza project to CPN and CPN will take a major shareholder position by holding 40-60% stakes. CPN would like to clarify that CPN did not meet or negotiate with Univest Land Plc's executives about this matter at all. Translated by the Nation