TT/TA./MF.1634/2551

9 December 2008

Subject : List of Major Unitholders of CPN Retail Growth Property Fund

To : President The Stock Exchange of Thailand

TMB Asset Management Company Limited as the Registrar of the CPN Retail Growth Property Fund (CPNRF) would like to disclose the major unitholders of CPNRF (0.5% up)at the recent book-closed date on 1 December 2008 as follows:

No.	Unitholders	No.of Units held	% of total
1	CENTRAL PATTANA PUBLIC CO.,LTD.	363,796,900.00	33.33%
2	N.C.B. TRUST LIMITED-STICHTING PENSIOENFONDS ZORG EN WELZIJN	80,959,800.00	7.42%
3	THAI MILITARY BANK(PCL.)	52,285,100.00	4.79%
4	GOVERNMENT OF SINGAPORE INVESTMENT CORPORATION C	44,619,800.00	4.09%
5	HSBC BANK PLC-CLIENTS GENERAL A/C	43,778,350.00	4.01%
6	CITIBANK NOMINEES SINGAPORE PTE LTD-PBG CLIENTS H.K.	39,200,000.00	3.59%
7	J.P.MORGAN IRELAND (NOMINEES) LIMITED	32,015,300.00	2.93%
8	SOMERS (U.K.) LIMITED	23,632,900.00	2.17%
9	MRS. ARUNEE CHAN 21,	360,600.00	1.96%
10	UBS AG LONDON BRANCH-ASIA EQUITY-SND. I	19,930,900.00	1.83%
11	N.C.B. TRUST LIMITED-CIP-INVESCO PERPETUAL	19,134,000.00	1.75%
12	GOVERNMENT OF SINGAPORE INVESTMENT CORPORATION H	15,365,700.00	1.41%
13	BANK SARASIN-RABO (ASIA) LTD	14,450,000.00	1.32%
14	AMERICAN INTERNATIONAL ASSURANCE COMPANY, LIMITED - AIA D-PLUS	14,260,700.00	1.31%
15	MORGAN STANLEY & CO. INTERNATIONAL PLC	14,035,600.00	1.29%
16	AYUDHYA ALLIANZ C.P. LIFE PUBLIC COMPANY	12,000,000.00	1.10%
17	GOLDMAN SACHS INTERNATIONAL	8,959,000.00	0.82%
18	NORBAX INC.,13	8,000,000.00	0.73%
19	HSBC (SINGAPORE) NOMINEES PTE LTD	6,381,400.00	0.58%
20	NETANONG CHIRATHIVAT	6,000,000.00	0.55%
21	PICHAI VIJAKAPHAN	5,970,900.00	0.55%
22	AMERICAN INTERNATIONAL ASSURANCE COMPANY, LIMITED-APEX	5,800,000.00	0.53%
23	STOCK EXCHANGE OF THAILAND	5,798,900.00	0.53%
24	TOS CHIRATHIVAT	5,500,000.00	0.50%

Sincerely yours,

Thida Chotiyanont
Authorized Signature