- TRANSLATION -

Ref: MGT/SET/Awd/07/001                                                            24^th April 2007

Attention:     The President

                    The Stock Exchange of Thailand

Subject:      Award of Construction Project

                    Central Wong Amat Beach Resort Pattaya

Christiani & Nielsen (Thai) Public Company Limited is pleased to notify the Stock Exchange of Thailand that the Company has been awarded the following construction project:

Name of Project:                  Central Wong Amat Beach Resort Pattaya

Owner:                                 Central Plaza Hotel Public Company Limited

Contract Value:                    Baht  984,400,000 including VAT

Commencement Date:        25 January 2007

Construction Period:            21 months

Description of Work:            Construction of hotel resort comprising twin 20-storey towers with 2-storey podium with floor area approximately 68,000 sq. m.

Please be informed accordingly.

Yours sincerely,

- Signed -

Danuch Yontararak

Managing Director