”) would like to inform the Stock Exchange of Thailand ("SET") that Banyan Tree Gallery (Singapore) Pte Ltd. (“BTGS”), a 51 percent subsidiary holding by the Company, has sold its entire investment in

by Baht 59 million over the prior year as a result of the decrease in occupancy and room rates of Laguna Phuket hotels and Banyan Tree Bangkok.  Revenue from property development operations which

over the prior year as a result of the decrease in occupancy of Laguna Phuket hotels and Banyan Tree Bangkok.  Revenue from property development operations which comprise of property sales and the sale

holiday club memberships increased by Baht 863 million. The revenue recognition of the property sales projects, as a result of Banyan Tree Villas and Cassia Residence Phuket, was higher when compared to the

hotel, golf and retail operations decreased by Baht 112 million over the prior year as a result of the reduction in occupancy of Laguna Phuket hotels and Banyan Tree Bangkok.  Revenue from property

40 million over the prior year as a result of the decrease in occupancy of Laguna Phuket hotels and Banyan Tree Bangkok.  Revenue from property development operations which comprise of property sales

of holiday club memberships increased by Baht 780 million. The revenue recognition of the property sales projects (Banyan Tree Deluxe Double Pool Villas, Banyan Tree Grand Residences, Cassia Phuket

. This was due to the improved performances of Banyan Tree Bangkok and Laguna Phuket hotels when compared to the same period last year.  Revenue from property development operations which comprise of

prior year as a result of the improved performances of Laguna Phuket hotels and Banyan Tree Bangkok. • Revenue from property development operations which comprise of property sales and the sale of holiday

39 million over the prior year as a result of the decrease in occupancy of Laguna Phuket hotels and Banyan Tree Bangkok.  Revenue from property development operations which comprise of property sales