No.50/2545/048 March 29, 2002 To : The President The Stock Exchange of Thailand Subject : To report the promotion of Management The board of directors' meeting of Central Pattana Public Company Limited No.2/2002 held on March 29,2002 approved a resolution to promote Management as follows: 1. Mr. Kobchai Chirathivat from Executive Vice President to be the President to replace Mr. Sudhitham Chirathivat. 2. Mr. Sudthidej Chirathivat from Senior Vice President Development & Construction to be Executive Vice President Development & Construction 3. Mrs. Suwimon Chungjotikapisit from Senior Vice President Operations Management to be Executive Vice President Operations Management 4. Mr. Naris Cheyklin from Senior Vice President Finance & Accounting to be Executive Vice President Finance & Accounting Please be informed accordingly Your Faithfully, Naris Cheyklin Secretary to the Board of Directors