Central Pattana Public Company Limited Disclosure of Information Concerning the Acquisition of Assets Subject : Disclosure of Information Concerning the Acquisition of Assets (revised) To : President of the Stock Exchange of Thailand The Board of Directors of Central Pattana Public Company Limited ("the company") at its meeting No.5/2005,held on November 9, 2005, has approved the resolutions to develop two new projects on Chaeng Wattana Road, Nontaburi Province and on Pattaya Klang Road, Chonburi Province. Details of new projects are as follow : Chaeng Wattana Project 1. The transaction date : On August 11, 2004, the board of directors' meeting No. 3/2004 had approved the purchase of the land of 24-1-27 Rai which located on Chaeng Wattana Road, Nontaburi Province and authorized the Executive Committee to do all necessary processes relating to such purchase of land. On November 9, 2005 the board of directors' meeting No. 5/2005 has approved the construction of the shopping center building and office building on such land. 2. The parties involved : Land buyer : Central Pattana Public Company Limited ("The Company") Land seller : 1 person and 1 juristic person who are not related parties. 3. Details of assets : Freehold land of 24-1-27 Rai which located on Tumbon Bangtarad, Amphur Pakkret, Nontaburi Province. The Company plans to develop a shopping center which comprises of approximately 100,000 square meter retail space (include Central Department Store), 20,000 square meter of office building and 94,000 square meter of parking space. 4. The total value of the transaction : Cost of the land 850 MB Estimated construction cost 3,700 MB Total 4,550 MB 5. The basis used to determine the value of transaction : Cost of the land plus construction cost which is estimated based on current market construction cost. 6. The benefit for the Company as the result of the transaction : This project will expand the Company's customers and assets base to Nontaburi Province and vicinity. This area is considered as a high growth potential location as it is surrounded by residential projects, office buildings and government offices. Moreover, the government plans to promote Chaeng Wattana to be a center of government offices.As a result, the Company believed that these positive factors will create high purchasing power in this area which will be resulted in high growth potential in the Company's revenue and profit in the long run. 7. Source of fund : For land cost : Cash flow from operation of the Company and issuance of the promissory note. For construction cost : Cash flow from lease of land and building of Rama 2 and Rama 3 to CPN Retail Growth Property Fund (CPNRF) and project financing. 8. The calculation of the size of transaction : Total value of the transaction = Cost of land and Estimated construction cost / Total assets value of the Company (As at June 30,2005) = 4,550,000,000 / 28,006,558,000 = 16.25% 9. The board of director opinion : The board of directors has an opinion that these transactions will be beneficial to the Company as described in 6. Pattaya Project 1. The transaction date : On November 12, 2004 the board of directors' meeting No. 4/2004 had approved the purchase of the land of 14-2-85 Rai and lease the land of 7-2-84 Rai which located on Pattaya Klang Road, Chonburi Province and authorized the Executive Committee to do all necessary processes relating to such purchase and lease of land. On November 9, 2005 the board of directors' meeting No. 5/2005 have approved the construction of the Shopping center building on such land. 2. The parties involved : Land Buyer/Lessee : Central Pattana Rama 2 Company Limited Land Seller/Lessor : 1 person and 3 non juristic body of persons who are not related parties 3. Details of assets : Total land area is 22-1-69 Rai which comprises of freehold land of 14-2-85 Rai and leasehold land for 30 years of 7-2-84 Rai. Such lands locate on Pattaya Beach Road, Tumbon Nongprue, Amphur Banglamung, Chonburi Province. The Company plans to develop a shopping center which comprises of 80,000 square meter of retail space (include Central Department Store) and 70,000 square meter of parking space. 4. The total value of the transaction : Cost of land and leasehold right 882 MB Estimated cost of the construction 2,400 MB Total 3,282 MB 5. The basis used to determine the value of transaction : Cost of the land plus construction cost which is estimated based on current market construction cost. 6. The benefit for the Company as the result of the transaction : As seen from the success of its existing Central Festival Center Pattaya, this project will expand the Company's customers base in Pattaya which is the tourists city and high growth potential location. It also has a competitive advantage in term of location as it is located on street along the beach which is convenient for customers. Moreover, the Company plans to develop this project to be more interesting and differentiate from the other competitors. As a result, the Company believed that these positive factors will create high purchasing power in this area from Thai and foreign tourists which will be resulted in high growth potential in the Company's revenue and profit in the long run. 7. Source of fund : For land cost : Cash flow from operation of the Company and issuance of the promissory note. For construction cost : Cash flow from lease of land and building of Rama 2 and Rama 3 to CPN Retail Growth Property Fund (CPNRF) and project financing. 8. The calculation of the size of transaction : Total value of the transaction = Cost of land and Estimated construction cost / Total assets value of the Company (As at June 30,2005) = 3,282,000,000 / 28,006,558,000 = 11.72% 9. The board of director opinion : The board of directors has an opinion that these transactions will be beneficial to the Company as described in 6. The total size of its two new project, Chaeng Wattana and Pattaya, which is determined by transaction value method is 27.96% of its total asset. According to the Notification of the Stock Exchange of Thailand in disclosure of information and performance of the company concerning the acquisition and disposition of assets, the transaction is categorized as Class 2 Transaction which size of transaction is more than 15% but less than 50%. As a result, the Company will submit the Information Memorandum of such transaction to the Company's shareholders within 21 days from the date of notification to the Stock Exchange of Thailand. Please be informed accordingly. Yours Faithfully, (Naris Cheyklin) Secretary to the Board of Directors