The date for exercising of Warrants AP-W1

BackDec 04, 2006

Date: December 1 , 2006

RE: The date for exercising of Warrants (AP-W1)

Attn: Director and Manager The Stock Exchange of Thailand

According to the allotment of the warrants (AP-W1), which could be exercised every three months, to the existing shareholders on August 15, 2001, please be informed that the 19th exercise date will be on December 29, 2006. The warrantholders who would like to exercise warrants can submit an exercise notice to the Company from December 8, 2006 to December 28, 2006 on the business days at 8.30 a.m. to 4.00 p.m. The exercise ratio is 1 unit of warrant for 1.00165 ordinary shares at the price of Baht 1 each ( par value 1 baht ). The contact person is:

Mr. Opas Ruangrajitpakorn
Finance Division, Asian Property Development Public Company Limited 170/57, 18th Floor, Ocean Tower Building 1,Opposite Queen Sirikit National Convention Center, Rachadapisek Rd., Klongtoey, Bangkok 10110 Tel. 0-2261-2518-22 Fax. 0-2261-2548-9

For your acknowledgement.

 

Yours faithfully,

 

Mr. Pichet Vipavasuphakorn
Managing Director