15 August 2001

OPERATING RESULTS Q2/2001 - CPN

TRANSLATION The Company's profit in Q2/2001 increase from Q2/2000 more than 20% because in Q2/2000 the company made the provision for loss from impairment of property under development of 148 million. Should we exclude the provision for loss from impairment of property under development , exchange gain (loss), gain from redemption of convertible bonds and gain on sale of investment, the profit before tax of Q2/2001 increase from Q2/2000 by approximately 119 million Baht or 67%. This is due to higher rental and service income mainly received from the Central Plaza Rachada Rama 3 and significant decrease in interest expenses from partial repayment of debt principal.