No. 50/2546/001 January 3, 2003 Subject : Decrease of shares value by changing the par value (par split) of Central Pattana Plc. from 10 Baht per share to 5 Baht per share To : President of The Stock Exchange of Thailand As resolved at the Extraordinary General Meeting No 1/2545 of Central Pattana Public Company Limited held on November 15, 2002, the shareholders had approved the decrease of shares value by changing the par value of the Company (par split) from 10 Baht per share to 5 Baht per share. The Company would like to inform that the decrease of shares value by changing the par value of the Company (par split) from 10 Baht per share to 5 Baht per share has already been registered with the Ministry of Commerce on January 2,2003. The Company' s capital structure before and after the change of the par value of the Company (par split) from 10 Baht per share to 5 Baht are as follow; Before changing of the par value of the Company : Registered capital 2,000,245,000 Baht Divided into 200,024,500 Shares Par value of 10 Baht After changing of the par value of the Company : Registered capital 2,000,245,000 Baht Divided into 400,049,000 Shares Par value of 5 Baht Please be informed accordingly. Yours sincerely, Naris Cheyklin Secretary to the Board of Directors