May 11, 2004 Subject : Decrease of shares value by changing the par value (par split) of Central Pattana Plc.From 5 Baht per share to 1 Baht per share To President of The Stock Exchange of Thailand According to at the Ordinary General Meeting No. 1/2004 of Central Pattana Public Company Limited held on April 21, 2004, the shareholders had approved the decrease of shares value by changing the par value of the Company (par split) from 5 Baht per share to 1 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 5 Baht per share to 1 Baht per share has already been registered with the Ministry of Commerce on May 10, 2004. The Company's capital structure before and after the change of the par value of the Company(par split) from 5 Baht per share to 1 Baht are as follow; Before changing of the par value of the Company : Registered capital 2,178,816,000 Baht Issued and paid-up capital 2,178,816,000 Baht Divided into Common Shares 400,049,000 Shares Divided into Prefered Shares 35,714,200 Shares Par value of 5 Baht After changing of the par value of the Company : Registered capital 2,178,816,000 Baht Issued and paid-up capital 2,178,816,000 Baht Divided into 2,000,245,000 Shares Divided into Prefered Shares 178,571,000 Shares Par value of 1 Baht Please be informed accordingly. Yours sincerely, Naris Cheyklin Secretary to the Board of Directors