May 13, 2013 Subject: Signing the Letter Agreement to enter into joint venture with I-Berhad to develop shopping mall in Malaysia To: The President The Stock Exchange of Thailand Today (May 13, 2013), Central Pattana Public Company Limited (the "CPN"), has entered into the Letter Agreement to show its desire to sign a Joint Venture Agreement with i-City Properties Sdn Bhd ("ICP"), an I-Berhad wholly-owned subsidiary, to establish a joint venture, in which ICP will hold a forty-percent (40%) stake and CPN through its local subsidiaries will hold a sixty-percent (60%) stake. The Joint Venture will develop a RM 580 million (or approximately Baht 5,800 million) regional shopping mall at i-City, the Malaysia Cybercenter (MSC) at Section 7, Shah Alam, Selangor Darul Ehsan. Signing of the Joint Venture Agreement will depend on the complement with the conditions of the Letter Agreement to enter into joint venture of both CPN and ICP. If the joint venture company and the related subsidiaries are established including the Joint Venture Agreement is signed, CPN will disclose the information to the Stock Exchange of Thailand. The joint venture will build a regional shopping mall in West Selangor. CPN will lead in the design, development and management of the shopping mall on a free hold land plot of 11.12 acres with gross floor area (GFA) of around 138,000 square meters and net leasable area (NLA) of around 89,700 square meters. The construction of the shopping mall is expected to commence in 2014, and we plan to open by the end of 2016. For the total investment approximately Baht 5,800 million, CPN will use mainly its internal source of cash flows and/or proceeds from future bank loans or issuance of debentures and/or proceeds from future offering of investment units of property funds. ICP is the property arm of I-Berhad, an established company listed on the Main Market of Bursa Malaysia. ICP is the developer of i-City, an integrated township development consisting of a shopping mall, cybercentre office suites, corporate towers and hotels along with residential and retail components on a 72-acre freehold site situated along the Federal Highway. Please be informed accordingly, Sincerely, -Naparat Sriwanvit- (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.