14 November 2008

(Translation) No. Thor.Thor./Jor.Thor.461/2008 14 November 2008 Re: Notification of the Closing Date of the Register Book to Suspend the Transfer of Investment Units for Determining of the Right of the Unitholders to Pass Resolutions in relation to the Amendment of the Fund Scheme of CPN Retail Growth Property Fund (CPNRF) and the Rights to Receive Dividend. To: The President The Stock Exchange of Thailand CPN Retail Growth Property Fund (CPNRF) (the "Fund") by TMB Asset Management Company Limited (the "Management Company") would like to inform that, for the appropriateness of management and to manage the Fund to be in line with the objectives of the establishment of the Fund as specified in the Fund Scheme and the relevant notifications of the Office of the Securities and Exchange Commission (the "SEC"). The Management Company deems appropriate to amend the Fund Scheme of the Fund in relation to the Investment Committee in order to comply with the amendments to the relevant notification of the SEC and the current operation of the Fund. In order to do so, the Management Company must to seek approval from the unitholders. Therefore, for the convenience of the unitholders, the Management Company deems appropriated to arrange seek resolutions of the unitholders by circulating written resolution to the unitholders. In this regard, the Management Company deems appropriate to seek resolutions from the unitholders and would like to ask the unitholders to pass written resolutions pursuant to the circular resolution letter by 15 January 2009, and the following matters will be proposed to unitholders for consideration: 1. The amendments to the Fund Scheme in relation to the Investment Committee of the Fund as follows: 1.1 To amend the composition of the Investment Committee and other related provisions specified in the Fund Scheme 1.2 To amend Clause 29.3 of the Fund Scheme in relation to Additional Conditions in case of Arrangement of Unitholders' Meeting. 2. To consider the appointment of the Investment Committee Due to the term of the present Investment Committee has expired according to the Fund Scheme. The Management Company will arrange to send the circular resolution letter in order to obtain resolutions from the unitholders together with its supporting documents to unitholders prior to the specified due date. In addition, the Management Company determined the closing date of the unitholders'register book to suspend the transfer of investment units for determining the right of unitholders to receive the third dividend of the year 2008 (for the period from 1 July 2008 to 30 September 2008) on 1 December 2008, and the dividend shall be payable at the amount of Baht 0.2238 per unit on 16 December 2008. The Management Company also determined the closing date of the unitholders' register book to suspend the transfer of investment units for determining the right of unitholders to pass resolutions pursuant to the circular resolution letter on the same date, which is 1 December 2008 onwards until the resolutions have been passed. Please be informed accordingly. Yours faithfully, Thida Chotiyanont Authorized Signatory 2