August 14, 2012 The President Stock Exchange of Thailand Subleasing under the contract for land and office building leasing (The Offices at CentralWorld) to property fund In reference to the resolution of the Board of Directors of Central Pattana Public Company Limited ("CPN") meeting No. 2/2012 of February 24, 2012, which approved in principle subleasing under the contract for land and office building leasing (The Offices at CentralWorld) to a property fund to be set up later, Board meeting No. 4/2012 of August 10, 2012, has now acknowledged updates on such action. CPN therefore informs you of the essential details as follows: CPN will sublease part of assets at The Offices at CentralWorld to the "CPN Commercial Growth Leasehold Property Fund (CPNCG), consisting of: -Part of the land and property at The Offices at CentralWorld (except for the leased underground area called B1-B3 and parts of the G floor and third floor). CPNCG will sublease the land, property, and public utilities along with auxiliary equipment from the Thai Business Fund 4 (CPN's wholly-owned subsidiary) for about 20 years, effective until December 22, 2032 -Ownership of furniture and equipment which CPNCG will buy from CentralWorld Co., Ltd. (CPN's 90%-owned subsidiary). It is expected that this investment will consist of two portions. First portion: 1.1 Land on which the property is located, occupying about 2 rai, 1 ngan, and 4 square wa 1.2 Part of the office building, consisting of the areas inside (except for the leased underground area called B1-B3, parts of the G floor, third floor, and sixth floor, Floors 7, 25, and 44), totaling about 113,328 square meters in area or about 74,605 square meters in leased space 1.3 Public utility works, together with related auxiliary equipment 1.4 Furniture and equipment 1.5 Right for the use of the parking spaces for 1,218 cars. Second portion: 2.1 Parts of the sixth floor (not invested by CPNCG under the first portion) and Floors 7, 25, and 44 (office leases) totaling 8,662 square meters in area or about 5,961 square meters in leased space 2.2 Right for the use of the parking spaces for 53 cars. After CPNCG has completed the first portion of investment, it will move on to the second portion by December 31, 2012. CPN expects to invest in about 25% of the net asset values of CPNCG. The above-mentioned action is subject to the permission of the Securities and Exchange Commission, the ultimate price conclusion, and deliberations of details about prices and conditions. Once these conclusions have been reached, CPN will bring them to your attention. Sincerely, (Ms. Naparat Sriwanvit) Company Secretary ______________________________________________________________________ This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.