CENTRAL PATTANA PCL. LAUNCHES TENDER OFFER TO BUY BACK ALL ITS OUTSTANDING EURO CONVERTIBLE DEBENTURE January 12,2001 To : The Director, The Stock Exchange of Thailand Subject : Announcement of launching tender offer to buy back all its outstanding Euro Convertible Debenture. Central Pattana Public Company Limited has been launching a Tender Offer for all outstanding Euro Convertible Debenture (ECD) ,amounting $US 29.15 million, to investors in the Luxembourg Stock Exchange during January 2nd- 15th , 2001. This Tender Offer has been arranged and managed by Robert Fleming & Co. Limited. In due course, the company considers that this redemption of all outstanding ECD would reduce interest expense and foreign exchange risk and increase creditors and investors' confidence in company as well. Please be informed accordingly. Your Faithfully, (Naris Cheyklin) Secretary to the Board of Director