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as follows: The entering into the Marketing Support Service Agreement between Dream Islands Development 2 Private Limited ("DID 2") (a subsidiary of the Company having 99.99 percent of total issued and

of the Stock Exchange of Thailand, Re: Disclosure of Information and Other Acts of Listed Companies Concerning the Acquisition and Disposition of Assets, 2004 (collectively, the “Notifications on

Industrial lands completely and the company does not want to invest for a long term for the development of public utility Such disposal of shares constitutes a sale or transfer of the whole or some substantial

29 percent of shares of NYKT (“NYKT Shares”) from Artlion Development Limited (“ArtLion”) which is a subsidiary of and under the control of NYK Group. The purchase of NYKT Shares is regarded as a

6 December 2007 Pace Development Corporation Public Company Limited 87/2 CRC Tower, All Seasons Place 45th Fl., Unit 4, Wireless Road, Lumpini, Pathumwan, Bangkok 10330 Thailand Tel. +66 2 118 9599