Central Pattana Public Company Limited Signing of Memorandum of Understanding (MOU) with the developer to develop hotel in the Central World Plaza December 3, 2003 Subject : Signing of Memorandum of Understanding (MOU) with the developer to develop a hotel in the Central World Plaza To : The President, The Stock Exchange of Thailand Central Pattana Public Company Limited (CPN) would like to inform that Central World Tower Company Limited (A company in which CPN holds 75.20%) have entered into Memorandum of Understanding (MOU) with Central Plaza Hotel Public Company Limited on December 3, 2003 to lease or sublease its leasehold land approximately 2.5 Rai in the Central World Plaza project (formerly "World Trade Center") to construct hotel. However, such Memorandum of Understanding will become effective subject to approval by the Company's Board of Directors. We will disclose detailed information relating to the mentioned transaction to the Stock Exchange of Thailand and investors within 45 days after entered into Memorandum of Understanding (MOU . Please be informed accordingly. Yours Faithfully, (Naris Cheyklin) Secretary to the Board of Directors