16 August 2000

OPERATING RESULTS CPN - Q2/2000

TRANSLATION The Company's profit in Q2/2000 decrease from Q2/1999 more than 20% because of the provision for loss from impairment of 2 projects under development of 148 million Baht and loss on foreign exchange of 58 million Baht. Should we exclude the exchange gain (loss), provision for loss from impairment of property under development , gain from redemption of convertible bonds and gain on sale of investment, the profit before tax of Q2/2000 will be 192 million Baht which increase from Q2/1999 by approximately 41 million Baht or 27%. This is due to higher rental and service income mainly received from the Central Plaza Rachada Rama 3.