Sell Pre-Built's Shares.

BackAug 26, 2005

August 26, 2005

Subject:Notify the asset disposition of listed company
Attention:The President
The Stock Exchange of Thailand

The Meeting of the Board of Directors of Asian Property Development Public Company Limited No. 12/2005, held on August 26, 2005 has resolved to sell Pre-Built's shares, held by the Company and its subsidiary (Asian Property Company Limited), via the Private Placement of 2 investors without any related connection. Accordingly, 22,000,000 shares (14.38% of Pre-Built's Paid-up Capital) will be sold to Somers (UK) Ltd (SI) and 10,000,000 shares (6.54% of Pre-Built's Paid-up Capital) will be sold to Mr. Viroj Charoentra (currently Managing Director of Pre-Built Plc.), totaling amount of 32,000,000 shares, with value of 86.0 million baht. The transaction will be settled on September 1, 2005. Thus, the transaction size based on Net Asset Value Approach of the consolidated financial statements as of June 30, 2005 is less than 15 percent.

For your acknowledgement.



Yours Faithfully,


Asian Property Development Public Company Limited
Mr.Pichet Vipavasuphakorn
Managing Director