Asian Property Development PCL : To report the establishment of a subsidiary

ASIAN PROPERTY DEVELOPMENT PLC. NEWS RELEASE

No. 001/2556
Date 7 January 2013
Subject To report the establishment of a subsidiary
To The President, the Stock Exchange of Thailand
We, Asian Property Development Plc. ("AP"), would like to inform the resolution of AP Board of Directors' meeting no. 1/2556 to establish a subsidiary which details are as following;
Registered name Asian Property (2013) Co., Ltd. Ratio of share held by AP 99.99%
Type of business Property development
Registered capital 10,000,000 Baht
Details of shares 1,000,000 ordinary registered shares, with the par value of Baht 10 per share
Objective of establishment Property development for sales
Please be informed accordingly.
Sincerely yours,
/S/
(Mr. Pumipat Sinacharoen) Corporate Secretary

Corporate Secretary Division

Tel: [phone] ext. 143

Email: [e-mail]