Announcement the Important Board of Directors' Resolution Including Dividend Payment and Fixes the Ordinary General Meeting of Shareholders February 25, 2004 To : The President, The Stock Exchange of Thailand Subject : To announce the important Board of Directors' resolutions including proposed annual dividend payment and fix the ordinary general meeting of shareholders The Board of Directors of Central Pattana Public Company Limited at its meeting no. 1/2004 held on February 25, 2004 passed the following important resolutions: 1. Approve the decrease of par value of the Company's share from 5 Baht per share to 1 Baht per share.(The decrease of par value will be done after the date for closing the company share register for the right to receive the dividend on May 6, 2004.) 2. Propose the annual dividend payment for the year ended December 31, 2003 at Baht 1.10 per share to the ordinary general meeting of shareholders for approval. The dividend, if approved, will be paid to shareholders on May 20, 2004.(The dividend payment is considered at par value of 5 Baht per share.) 3. Fix the date for closing the company share register for the right to receive the dividend on May 6, 2004 at 12.00 a.m. 4. Fix an ordinary general meeting of shareholders no. 1/2004 on April 21, 2004 at 2.00 p.m. at the auditorium on Floor 7th Central World Plaza, Rajaprasong Road, Bangkok 5. Fix the date for closing the company shares register for the right to attend the ordinary general meeting on April 1, 2004 at 12.00 a.m. until the end of the meeting. 6. Fix the agendas for the ordinary general meeting of shareholders as follows: 6.1 To certify the minutes of the extraordinary general meeting of shareholders no. 1/2003 held on June 26, 2003. 6.2 To acknowledge the Board of Directors' report for 2003. 6.3 To approve the audited financial statements for the year ended December 31, 2003. 6.4 To approve the appropriation of profit and dividend payments for 2003. 6.5 To approve the reduction of the par value (par split) of the Company's share. 6.6 To approve the amendment clause of the Memorandum of Association in accordance with the changing the par value of the Company. 6.7 To approve the amendment clause of the Articles of Association in accordance with the changing the par value of the Company and the connected transaction or the acquisition or disposition of assets. 6.8 To elect directors to succeed retiring those are on rotation and approve directors' remuneration. 6.9 To appoint the auditor for 2004 and approve their remuneration. 6.10 Other businesses (if any) Please be informed accordingly. Your Faithfully, ( Naris Cheyklin ) Secretary to the Board of Directors