-- TRANSLATION -- CPN Annouces Acquisition of Common Share of Central Pattana Khonkean Co.,Ltd. A Central Pattana PCL. board of directors' meeting (#19/2541) held on 29 June 1998 passed the resolutions concerning the acquisition of the increased share capital of Central Pattana Khonkean Co.,Ltd, details as follow : 1. The date on which the transaction occur : June 29, 1998 2. The parties involved : Name Relationship with the Company Buyer : - - Seller : Fairly Plaza Co.,Ltd. None Mr.Winyu Kuwanan None 3. The general characteristics of the transaction : - Transaction class : The acquisition of increased share capital - The volume of the transaction: Not match with the basis used to consider the volume - The basis used to consider the volume : - 4. The details of assets acquired : Common share of Central Pattana Khonkean Co.,Ltd. - The company name : Central Pattana Khonkean Co.,Ltd. - The nature of business : Shopping center development - Registered capital : 260 million baht - Paid-up capital : 100% - Number of share acquired : 4,259,902 shares - Purchasing price per share : Baht 10 per share - Percentage of shareholding before : 61.75% - Percentage of shareholding after : 78.13% - Major shareholders Name % of shares held 1. Central Pattana PCL. 78.13% 2. Fairly Plaza Co.,Ltd. 19.01% 3. Mr.Winyu Kuwanan 2.86% 5. The total value of the consideration : Baht 42,599,020 The type of payment : Cash - Baht 42,599,020 6. The value of the assets purchased : Baht 42,599,020 7. The basis used to determine the value of the consideration : at Par 8. The benefit expected to be received : Increase power of control in subsidiary 9. The sources of funds : Internal fund ______________________ Sudhitham Chirathivat President