Board # 6 / 2552 Increase Capital in Sub.

(translation)

POR. 29 / 2552

16 December 2009

Subject: Notification of the Resolutions of the Meeting of the Board of Directors, Session 6 /2009

Attention: The President The Stock Exchange of Thailand

Preuksa Real Estate Public Company Limited (PS) hereby notifies the Stock Exchange that the Meeting of the Company's Board of Directors, Session 6/ 2009, convened on 15 December, 2009 passed the following important resolutions:

1. Approve to increase the registered capital in Preuksa India Construction Pvt. (PIC) , the subsidiary of Preuksa Overseas Co. and Preuksa International Co. holding 50% each. The 2 parent companies are 100% own by PS.
   
   From the existing 500,000 Rupee capital registered (or 370,000 Bt. Equivalent), the company will increase it by ~ Bt. 59.63 million to suit with its business transactions' size. The total new capital registered will be 81 million Rupee or Bt. 60 million in equivalent (Bt. 0.74 = 1 Rupee ). The shareholding structure is not changed.
   
   
2. Approve to increase capital registered in Preuksa Overseas Co. (100% own by PS)
   
   From the existing Bt. 200 million capital registered, the company will increase it by Bt. 100 million to Bt. 300 million capital registered in order to serve the business transactions.
   
   The additional investment above totals Bt. 159.63 million or 0.94% of the total assets of PS as at 30/9/2009 consolidated financial statement.
   
   When it adds with the previous 6 months of the acquisition of the Company's asset , the size of the transactions then becomes 5.78% of the total assets of PS. Thus, PS need not report the acquisition and disposition of the Company's asset in accordance with the Notification of the Board of SET RE: Disclosure of information and other Acts of listed company concerning the acquisition & disposition of asset, 2004 and The Notification of the Capital Market Supervisory Board No. TorChor. 20/2551 Re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of Assets

Please be informed accordingly.

Sincerely,

Mr. Somboon Wasinchutchawal
Chief Financial Officer

Investor Relation, Tel: 0-2298-0101 ext 1863 E-mail: ir@ps.co.th

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