July 13,2000 No. 50/2543/115 CPN ANNOUNCES A DISPOSAL OF INVESTMENT IN SUBSIDIARY Central Pattana Public Company Limited would like to announce that a board of director's meeting of Langsuan Realty Service Company Limited (a subsidiary in which Central Pattana Public Company Limited holds 99.99%) No. 5/2543 held on June 23, 2000 passed the following resolutions concerning the disposal of certain assets. : 1. The date on which the transaction occurs : June 23,2000 2. The parties involved : Name Relationship with the company Buyer: Starbucks Corporations -USA : - Seller : Langsuan Realty Service Company : Subsidiary Company Limited 3. The general characteristics of the transactions - Transaction class : Disposal of asset - Transaction volume : Baht 111,124,786 4. Details of the assets dispose of : Common Shares - The company's name : Coffee Partners Co., Ltd. - The nature of its business : Food and Beverage - Registered capital : Baht 80,000,000 - Paid-up capital : Baht 80,000,000 - Number of securities disposed of : 719,994 shares - Selling price per share (unit) : Baht 154.34 - Proportion of securities holding before : 91% - Proportion of securities holding after : 0% 5. The total value of the consideration : Baht 111,124,786 6. The value of assets disposed of : Baht 71,999,400 7. The basis used to determine the value of : at negotiated market price consideration 8. The reason for the disposal : Non core business of CPN and selling price is satisfactory 9. The calculation of the basis used to : Transaction is not qualified to determine the size of transaction be notified to SET under the rule of disposal of asset ---------------------------------------------------------- ( Mr. Naris Cheyklin ) Secretary To The Board of Directors