14 November 2002

OPERATING RESULTS Q3/2002 - CPN

The Company's profit in Q3/2002 increase from Q3/2001 more than 20% , the profit before tax of Q3/2002 increase from Q3/2002 by approximately 126 million Baht or 57%. In Q3/2002 a subsidiary company has entered into debt restructuring agreement with its lender which this subsidiary can realize profit from this restructuring amounted to 98 million Baht. Since Q4/2001 revenue and net profit has also increased from an acquisition in Central City Bangna Project and the higher rental and service income mainly derived from the Central Plaza Lardprao, Central Plaza Pinklao, Central Festival Center Pattaya, Central Airport Plaza Chiangmai and Central Plaza Rachada Rama 3.