Approval of Q3-06 FS & additional invest in 2 Subsidiaries

P.39 / 2006

November 10, 2006

President The Stock Exchange of Thailand

Re: Resolution of Board of Directors' Meeting No.5/2006

Please be informed that the Board of Directors of Preuksa Real Estate Public Company Limited at the meeting no.5/2006, held on November 10, 2006, passed the material resolutions as follows:

1.Approval of Reviewed Financial Statement for the third quarter ended, September 30, 2006.

2.Approval of additional investment in 2 subsidiaries' capital increase, namely Putthachart Company Limited and Phanalee Estate Company Limited, at the same shareholding ratio (99.93%), to Baht 50 million each or a total of investment in the two subsidiaries of Baht 100 million.

From calculation based on total value of consideration, the size of the transaction is 1.10% of the Company's total assets as of September 30, 2006, as such the Notification of the Board of SET RE: Disclosure of information and other Acts of listed company concerning the acquisition and disposition of asset, 2004 do not apply to the aforementioned transactions.

Please be informed accordingly.

 

Sincerely yours,

 

(Mr.Veera Srichanachaichok)
Director & Chief Financial Officer

 

Investor Relations Department,
Tel. 0-2576-0007 ext.863