Report of Capital Increase Form Central Pattana Public Company Limited Date: October21, 2002 We, Central Pattana Public Company Limited, hereby report the Annual General Meeting of the Board of Directors No.7/2545 held on October 21, 2002 from 2.00 p.m. to 3.30 p.m. regarding a capital increase and an allotment of new ordinary shares as follows: 1. Capital Increase The Meeting of the Board of Directors approved the increase of a registered capital of the Company from 1,000,122,500 baht to 2,000,245,000 baht by means of the issuance of 100,012,250 ordinary shares with a par value of 10 baht each, totaling 1,000,122,500 baht. 2. Allotment of New hares The Meeting of the Board of Directors passed a resolution approving the allotment of 100,012,250 shares with a par value of 10 baht each, totaling 1,000,122,500 baht, the details of which are as follows: 2.1 Allotment Details Allotted to Number of Ratio Offering Price Subscription Date Remarks Shares (Old: New) per Share (baht) and Payment Current Shareholders 100,000,000 1:1 10 baht/share December 3-11, 2002 2.2 The Company's Plan in case There Is a Fraction of Shares Remaining Any unsubscribe newly issued shares remaining from such allotment to the existing shareholders shall be offered to the shareholders who wish to subscribe for shares in excess of their entitlement at the same offering price. The Company shall allocate the remaining unsubscribe newly issued shares to the shareholders who wish to subscribe for shares in excess of their entitlement as the following manner; (a) If the number of shares remaining exceed the number of shares which the shareholders wish to subscribe for shares in excess of their entitlement, all remaining shares will be allocated to the shareholders who wish to subscribe for shares in excess of their entitlement. The Executive Committee shall be empowered to consider and allocate those remaining unsubscribed shares to specific investor and/or institutional investor and/or qualified investor in accordance with the regulation the Securities and Exchange Commission. (b) If the number of shares remaining are less than the number of shares which the shareholders wish to subscribe for shares in excess of their entitlement, remaining shares will be proportionately allocated to those shareholders at the same ratio as their entitlement. Nevertheless, if there are shares still remaining, this allocation method will be applied until there is no remaining share The Executive Committee shall be empowered to consider and determine any condition and other details necessary for the pertinent to the allocation of newly issued ordinary shares; for example, details of allotment method to existing shareholders, to negotiate, conclude, and sign any related agreements or documents including to perform any other acts necessary and related to the newly issued ordinary shares as well as listing newly issued ordinary shares on the Stock Exchange of Thailand. 2.3 The Number of Shares Remaining from Allotment - None 3. The Date of the Annual General Meeting of Shareholders for Approval of the Capital Increase/Share Allotment The extraordinary meeting of shareholders No.1/2545 is scheduled to be held on November 15, 2002 at 10.00 a.m., at Ladprao A Room, Sofietel Central Plaza Hotel. The share register will be closed for share transfer in order to determine the right to attend this meeting from November 4, 2002 at 12.00 o'clock, until the meeting has been duly convened. 4. Approval of the Capital Increase/Share Allotment by Relevant Governmental Agency and Conditions (if any) - None 5. Purpose of Capital Increase and the Use of Funds The proceeds will be used to: - Expand business operation. The proceeds will be used in projects under development and new projects. - Keep the Company's debt-to-equity ratio at an appropriate level. 6. Benefits which the Company Will Receive from the Capital Increase/Share Allotment The proceeds will be used to expand the Company's operations that will give shareholders an appropriate level of investment return, and to keep its debt-to- equity ratio at an appropriate level that will strengthen the Company's financial status. 7. Benefits which the Shareholders Will Receive from the Capital Increase/Share Allotment 7.1 The Company has a policy to pay dividend to shareholders in the amount of not less than 40 % of its annual net profit. However, such payment shall be subject to the Company's financial status, business operation, financial strength and sufficient liquidity as the Board of Directors see fit. 7.2 Subscribers of the new ordinary shares will be entitled to receive dividends from the 2002 operating results of the Company if dividends are declared. 8. Other Details Necessary for Shareholders to Approve the Capital Increase and Share Allotment - None 9. Schedule of Action where the Board of Directors of the Company Passes a Resolution Approving the Capital Increase or Allotment of New Shares 9.1 The share register will be closed for share transfer in order to determine the right to attend this meeting from November 4, 2002 at 12.00 o'clock, until the meeting has been duly convened. 9.2 The Meeting of Shareholders No.1/2545 to pass the resolution to increase the capital will be convened on November 15, 2002 at 10.00 a.m. 9.3 The share register will be closed for share transfer in order to determine the right to subscribe to the new ordinary shares issued from November 20, 2002 at 12.00 o'clock. 9.4 The subscription and payment date will be from December 3-11, 2002. The Company hereby certifies that the information contained in this report from is true and complete in all respects. Signed (Kobchai Chirathivat) Director and Chief Executive Officer Signed (Prin Chirathivat) Director