Clarification on the Property Fund of the Company February 10, 2006 Subject : Clarification on the Property Fund of the Company To : The President The Stock Exchange of Thailand Referring to the news from the newspaper "Manager" on February 10, 2006 which stated that an individual has brought forth disclosure claims against CPN Retail Growth Property Fund (CPNRF) with the Securities and Exchange Commission (SEC) and the Stock Exchange of Thailand (SET) and also for the slow handling process by SEC senior officials purportedly because Central Group executives are planning to set up a new property fund with a fund size of more than 50,000,000,000 Baht (fifty billion baht). The Company would like to state that this news is not entirely accurate and would like to clarify its actions. The fact is the Company is currently undergoing feasibility study to transfer some of its office buildings into a property fund. The fund size and assets value have not been yet finalized and the Company has not yet submitted any document to set up a property fund to the SEC. As for the complaint about the disclosure of CPNRF, the company has been informed by TMB Asset Management Co., Ltd., fund manager, that all questions have already been clarified to the SEC. Moreover, the Company has never requested any individual to conceal such information on the Company's behalf. Please be informed accordingly. Yours Faithfully, Naris Cheyklin Secretary to the Board of Directors