- TRANSLATION -

Ref: MGT/SET/001

4 January 2006

Attention:     The President

                    The Stock Exchange of Thailand

Subject:      Award of Construction Project

Mahidol University

                    Extension of International Building No. 3

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:            Mahidol University - Extension of International Building No. 3

Owner:                           Mahidol University, International College

Contract Value:              Baht. 138,500,000 (including VAT)

Commencement Date:  4 January 2006

Construction Period:      480 Days

Description of Work:       Demolition of existing building and construction of a new 8-storey extension with floor area of 7,400 sq.m., including M&E Works.

Please be informed accordingly.

Yours sincerely,

- Signed -

Danuch Yontararak

Managing Director