- TRANSLATION -

Ref: MGT/SET/06/009

Date            5 July 2006

Attention:     The President

                    The Stock Exchange of Thailand

Subject:      Award of Construction Project

Construction of Bangkok Christian Hospital (Expansion)

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:                  Construction of Bangkok Christian Hospital (Expansion)

Owner:                                 Bangkok Christian Hospital

Contract Value:                    Baht 434,000,000 including VAT

Commencement Date:        1 June 2006

Construction Period:            21 Months

Description of Work:            Construction of 17-storey hospital building with basement car park and modifications to existing building.

Please be informed accordingly.

Yours sincerely,

- Signed -

(Danuch Yontararak)

Managing Director