Central Pattana Plc. (CPN) announced that it has been resolved to sell a 30% stake in Pattana Charoenwiwat Co., Ltd., a subsidiary CPN earlier established and reported on the details to SET, to Modern Tradition Co., Ltd. The selling details are given below: 1. Date of Transaction: June 30, 1997 2. Objective: To seek joint investor 3. Nature of Transaction: A sell-off of 30,000 common shares, with Bt10 par value a share, worth Bt300,000 totally, in Pattana Charoenwiwat Co., Ltd. to Modern Tradition Co., Ltd. (Pattana Charoenwiwat Co., Ltd. has a fully paid-up capital of Bt1 million) 4. Investment Proportion: CPN holds 99,993 shares accounting for 99.993% of the registered capital of Pattana Charoenwiwat Co., Ltd. After selling 30,000 shares to Modern Tradition Co., Ltd. under this transaction, CPN will have 69,993 shares or a 69.993% stake in this subsidiary on hand. 5. Total Value of Compensation: Bt300,000 6. Pricing Criteria: Shares' paid-up value 7. Asset Disposition Calculation: CPN confirmed the transaction was not covered under the criteria relating to asset acquisition/disposition of a listed company. Comment: Please verify details in R-SIMS. Translated by The Nation