No. TMB./ CS./ FA. 316 /2007

16 November 2007

President
The Stock Exchange of Thailand
62 Rachadapisek Road, Bangkok 10110

Re : Scheduled closing of the registered book for transfering of CPNRF investment unit

Dear Sir,

The registered book of CPN Retail Growth Property Fund ( CPNRF ) investment units will be closed for transfering of the investment units of CPNRF from 12:00 PM of December 4, 2007 CPNRF will pay the dividend # 3/2007 (For the period from July 1, 2007 to September 30, 2007) at the amount of 0.2019 Baht per unit on December 14, 2007.

Yours sincerely,

Phiphat Phisanuwongrak

Authorized Signature