June 25, 2008 Subject Notification of the Investment in and the Lease/Sublease of Assets to CPN Retail Growth Property Fund To The President, The Stock Exchange of Thailand As Central Pattana Public Company Limited ("CPN") has invested in 33.33 percent of the total investment units issued and sold of the CPN Retail Growth Property Fund ("CPNRF"), which is managed by TMB Asset Management Co., Ltd., and CPN leased/subleased parts of CentralPlaza Rama II and CentralPlaza Ratchada-Rama III to CPNRF on August 15 and 16, 2005. In October 2006 CPN was considering leasing/subleasing parcel of land, retail shopping complex and two office buildings at CentralPlaza Pinklao to CPNRF. After that The Bank of Thailand ("BOT") implemented an Unremunerated Reserve Requirement on short-term capital inflows ("Short-Term URR"), which applied to foreign investments in property funds. This had delayed the capital increase of CPNRF to invest in CPN's assets until March 2008, when BOT announced the lifting of the Short-Term URR. Currently, CPN is considering leasing/subleasing the parcel of land, retail shopping complex, and two office buildings at CentralPlaza Pinklao together with leasing/subleasing the parcel of land and retail shopping complex at CentralPlaza Chiangmai Airport to CPNRF. At this stage CPN intends to maintain its investment interest of 33 percent of the total investment units issued and sold of CPNRF, however it is subjected to offering structure, allotment of additional investment units, and related rules and regulations of the Securities and Exchange Commission of Thailand ("SEC"). However, CPN would like to inform that the above mentioned process is subjected to final approval from the Board of Directors concerning the lease/sublease price and other necessary conditions and CPN shall await the resolutions of the approval for the capital increase and other related transactions to be concluded in the CPNRF's unitholders meeting, approval from the SEC and the results of the sale and allotment of the additional Investment Units. Thus, CPN will notify the Stock Exchange of Thailand ("SET") upon the acknowledgement of the final conclusion, the approval of the resolutions from CPN's Board of Directors and the completion of the above mentioned process. In according with the notification of the SET, the leasing/subleasing the certain parts of the properties to CPNRF is considered as a disposition of assets which its a value exceed 15 percent but not more than 50 percent of the total asset value (including transactions in the last six months) which required the disclosure of information to the SET. Furthermore, CPN will submit the details of such transaction to its shareholders within 21 days from the date of notification to SET. Please be informed accordingly. Yours faithfully, (Mr.Naris Cheyklin) Company Secretary