14 November 2001

OPERATING RESULTS Q3/2001 - CPN

TRANSLATION The Company's profit in Q3/2001 increase from Q3/2000 more than 20% because in Q3/2000 the company had loss on foreign exchange of 118 million Baht. Should we exclude the exchange loss, the profit before tax of Q3/2001 increase from Q3/2000 by approximately 76 million Baht or 36%. This is due to higher rental and service income mainly received from the Central Plaza Lardprao, Central Plaza Pinklao, Central Festival Center Pattaya and Central Plaza Rachada Rama 3 and significant decrease in interest expenses from partial repayment of debt principal.