Central Pattana Public Company Limited Disclosure of information concerning the purchase of assets December 30, 2003 Subject : Disclosure of information concerning the purchase of assets To : President of the Stock Exchange of Thailand Central Pattana Public Company Limited ("CPN") would like to announce that the board of director of Central Pattana Rattanathibet Company Limited (former Central Pattana Ko Raj Company Limited), a subsidiary in which CPN holds 99.99% at its meeting No.4/2003 on December 25, 2003, has approved to acquire land, shopping center and shop houses of Jusco Rattanathibet Project. Sale and purchase agreements have been entered into on December 26, 2003 and the registration of title transfer is on December 30, 2003.Details are as follow : 1. The date on which the transaction occurs : December 30, 2003 2. The parties involved : Name Relationship with the company Buyer: Central Pattana Rattanathibet Company Limited : Subsidiary Company Seller: Siam Jusco Company Limited : - (Owner of shopping center and shop houses) Seller: S&J Development Company Limited : - (Landlord) 3. The general characteristics of the transactions : Land 48 rais, shopping center and shop houses totaling approximately 60,000 square meter. 4. The details of assets : Total value of assets acquired is 650,000,000 Baht. Terms of payment are as follow; - Payment 1 : pay 25% of total value or 162,500,000 Baht, which is paid on December 26,2003. - Payment 2 : pay 75% of total value or 487,500,000 Baht, which will be paid on December 30, 2003. 5. The basis used to determine the value of transaction : Discounted cash flow from the project 6. The benefit expected to be generate for CPN as the result of the said transaction : 1) To increase market share. 2) To expand customer base to Nonthaburi province and neighborhood areas. 3) To enlarge asset size, revenue and earning in the long run. 7. Source of fund : Cash flow from operation of CPN. 8. The calculation of the basis used to determine the size of transaction : Transaction is not qualified to the rule of asset acquisition by criterion of transaction size as follows 1) Asset criterion = Transaction value/Total assets value of CPN and its subsidiaries = 650,000,000/21,373,119,780 = 3.04% 2) Total value of the transaction = Transaction value/Total assets value of CPN and its subsidiaries = 650,000,000/21,373,119,780 = 3.04% Please be informed accordingly. Yours Faithfully, (Mr.Naris Cheyklin) Secretary to the Board of Directors