07 July 2006

TT/IM 135/2006 July 6, 2006 To : The President The Stock Exchange of Thailand RE : Notification of the Amendment of the Fund Scheme of CPN Retail Growth Property Fund (CPNRF) Dear Sir, We, TMB Asset Management Company Limited, as the Management Company of CPN Retail Growth Property Fund would like to inform the amendment of the Fund Scheme as approved by the Office of the Securities and Exchange Commission (SEC) on June 30, 2006 by adding a clause on "Maintaining capital adequacy of the Management Company" as follows : "In case that the Management Company can not maintain sufficient capital adequacy according to the SEC Rules on maintaining capital adequacy and having liability insurance, the Management Company is required to appoint a replacement by another Management Company to manage the Fund either by getting an approval from the Office of the SEC or through a resolution passed by majority votes of unitholders representing more than half of the total numbers of units sold within 15 days from the date in which Management Company knows or should have known about its inability to maintain capital adequacy. Nevertheless, in case of need and necessity, the Management Company may ask the Office of the SEC to consider extending such period. The basis for choosing the new Management Company must be in the best interest of unitholders as a material consideration. Should there be any expenses incurred as a result of changing the new Management Company, such expenses will be borne by the Management Company. In case where the Management Company fails to perform such duties within the specified period, the Management Company will process to dissolve the Fund." Please be informed accordingly. Should you need further information, please contact our Customer Service Center at 0-2636-1800 ext. 3. Yours sincerely, Phiphat Phisanuwongrak Executive Vice President