Report on the Results of the Final Exercise of AP-W1

BackMar 15, 2007

March 14, 2007

Attn: Director and Manager The Stock Exchange of Thailand

Re: Report on the Results of the Final Exercise of Warrants to Purchase New Ordinary Shares No.1 of Asian Property Development Public Company Limited (AP-W1)

As Asian Property Development Public Company Limited has determined the final exercise date of Warrants to Purchase New Ordinary Shares No.1 of Asian Property Development Public Company Limited(AP-W1) on March 12, 2007, the Company would like to inform the results of the exercise of AP-W1 as follows:

1. Results of the exercise of warrants

Number of exercising warrant-holders
57
persons
Number of exercised warrants
2,273,885
units
Warrants remaining after this exercise
15,695
units
Number of ordinary shares issued for this exercise
2,280,426
shares
Remaining number of ordinary shares reserved for the exercise of warrants
157,341
shares

2. Amount of money received from the shares issued through the exercise of warrants

Total amount (Baht)
2,280,426
Baht
Less expense (Baht)
-
Baht
Net amount received
2,280,426
Baht

Please be informed accordingly.

 

Sincerely yours,

 

Mr.Pichet Vipavasuphakorn
Managing Director