18 พฤศจิกายน 2552

No.Jortor11-2009026 17 November 2009 Re: Summary of Capital Increase Investment of CPN Retail Growth Leasehold Property Fund (CPNRF) To: The President The Stock Exchange of Thailand SCB Asset Management Co., Ltd. as the management company of CPN Retail Growth Leasehold Property Fund ("the Fund") would like to notify the summary of significant details of the investment, as follows : 1. Transaction date : November 4, 2009 2. Sublessor of the Land/ : Central Pattana Public Company Limited Lessor of the Building 3. General characteristics of transaction : Investment in right to sublease land, lease partial of buildings and facilities system and purchase of movable properties; 4. Details of investment assets : Right to sublease of approximately 25 raise of land which is the location of Central Plaza Pinklao Shopping Complex and lease of buildings. The project is located at Borommaratchachonnani Rd., Arunamarin, Bangkok Noi, Bangkok, with total usable area of 185,671 square meters composed of Central Plaza Pinklao Shopping Complex (partial building), Central Pinklao Office Building Tower A (whole building) and Central Pinklao Office Building Tower B (whole building) including parking space and facilities system of the buildings and purchase of movable properties. The Investment period is 15 years (ended December 31, 2024). The total investment value is 5,680,000,000 Baht which already paid in full on the date of the registration at the Department of Land. 5. Investment asset value : The valuations of the project by two independent appraisers (Income Approach Method) as follows; 1. 5,813.70 million baht by Thai Property Appraisal Lynn Phillips Co., Ltd. (as of 9 July 09) 2. 5,413 million baht by 15 Business Advisory Limited (as of 25 June 09) 6. Benefits from asset disposal : Income from rental and service fee; 7.The impact to Fund's Net Income : None. However, although the land sublease agreement is when non-compliance with Sublease terminated by any reason whatsoever, the Fund shall maintain Agreement and prevention right to possess the building in the capacity of the lessee of the building from Central Pattana Public Company Limited, and shall be able to continue utilizing the leased property .In addition, the Fund shall cause Central Pattana Public Company Limited to amend the lease agreement of the land where Central Plaza Pinklao Shopping Complex is located, entered into between Central Pattana Public Company Limited and Central Department Store Ltd. It is prescribed that the Fund may take assignment of the right under the land lease agreement if Central Pattana Public Company Limited fails to comply to such land lease agreement, which may cause termination, including amendment, of the land lease agreement. Where Central Department Store Ltd. intends to transfer the ownership of the land where Central Plaza Pinklao Shopping Complex is located, Central Department Store Ltd. shall require that the transferee of the ownership in the land accept all rights and duties the lessor has with the lessee as prescribed in the land lease agreement. Where the land sublease agreement is terminated due to the default of Central Pattana Public Company Limited and the Fund does not or is unable to exercise the right to become a party of the land lease agreement in lieu of Central Pattana Public Company Limited in accordance with the conditions stipulated in the land sublease agreement, the Fund shall receive land sublease rentals which have been paid in advance from Central Pattana Public Company Limited, in accordance with the proportion of the remaining term of the land sublease. Please be informed accordingly Yours faithfully, CPN Retail Growth Leasehold Property Fund By SCB Asset Management Company ( Mr.Sakda Manavapat ) EXECUTIVE VICE PRESIDENT FUND OPERATIONS GROUP