Announces Dividend Payment of CPNRF

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