- TRANSLATION -

Ref: MGT/SET/Awd/07/003

23 May 2007

Attention:     The President

                    The Stock Exchange of Thailand

Subject:      Award of Construction Project

                    Highway Route No. 21

                    Petchabun-Lom Sak

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:                   Highway Route No. 21, Petchbun-Lom Sak

Owner:                                  Department of Highways

Contract Value:                    Baht 496,804,694  including VAT

Commencement Date:         24 April 2007

Construction Period:             540 days

Description of Work:             Construction of 15.8 km of 4-6 lane highway, removal of 8 existing concrete bridges to be replaced with dual carriage concrete bridges, construction of 6 pedestrian bridges and ancillary works

Please be informed accordingly

Yours sincerely,

- Signed -

Danuch Yontararak

Managing Director