Future Park Property Fund INTERNATIONAL BOOKRUNNER FUTUREPF FUND - PowerPoint PPT Presentation

NOVEMBER 2006 SPONSOR Investor Presentation FINANCIAL ADVISOR Future Park Property Fund INTERNATIONAL BOOKRUNNER “FUTUREPF” FUND MANAGER This Fund invests in the leasehold right over immovable property. Their values may decrease along with elapse of the lease term, thus decreasing the value of the investment units accordingly. The unitholders will receive return of initial investment and in form of dividend. Once the lease term expires according to the leasehold right that the Fund has invested in, the value of the investment units may decrease to Baht zero www.futurepark.co.th

Strictly private & confidential Disclaimer This presentation is prepared solely for the purpose of providing information on Future Park Property Fund (“FUTUREPF”) and does not constitute and is not intended to constitute an invitation or offer for subscription or purchase of securities. This presentation may include information which is forward-looking in nature. Forward-looking information involve known and unknown risks, uncertainties and other factors which may impact on the actual outcomes including economic conditions in the markets in which FUTUREPF operates and general achievement of FUTUREPF business forecasts, which will cause the actual results, performance or achievements of FUTUREPF to differ from the results, performance or achievements expressed or implied in this presentation. Certain matters referred to in this presentation are subject to approval and/or have not been finalized. These include, but not limited to the approval of the Securities and Exchange Commission (“Thai SEC”) and/or the Stock Exchange of Thailand (“SET”) for the Initial Public Offering of FUTUREPF, and the finalization of the lease agreement for properties and other relevant documents. Additionally, some figures referred to in this presentation are also not final and pending finalization of the financial statements of FUTUREPF. Accordingly, information contained in this presentation may be subject to changes, resulting in such or other matters to differ from what are stated, expressed or implied in this presentation. This presentation is made, furnished and distributed for information purposed only. No part of this presentation shall be relied upon directly or indirectly for any investment decision-making or for any other purposes thus no representation, warranty or undertaking, expressed or implied, is made in relation to this presentation.

Strictly private & confidential Agenda • Overview of Future Park Rangsit • Overview of FUTUREPF • Investment Highlight • FUTUREPF Financial Forecast • Offering Summary • Appendix

Overview of Future Park Rangsit: Strictly private & confidential Map of Bangkok � North Donmoung Airport Suvannaphumi Airport

Overview of Future Park Rangsit: Strictly private & confidential Catch Area Within a 20 Km radius: Thammasart U. Bangpa-in � Bangpa-in North, Northeast • There is no large shopping complex in 20 Km radius North • During 2003 – 2006, there are approximately 440 property development projects comprising 79,257 residential units That 27% Changwattana-Bangpa-in Express Way are up to 3 million baht per unit and 45% are single home. Bangna-Bangpa-in Outer Ring • In aggregate, there are 22 universities, educational institutes, and colleges Vibhavadee-Rangsit Road comprising approximately 170,000 students in total • Currently, there are 30 government and government related offices totaling approximately 195,000 officers • There will be another 25 Bangkok government and government Bangna-Chonburi related offices to be completed in University Educational institute & College 2007, totaling approximately 60,000 officers G Air Force Base New Government Center M Single Detached House Industrial Park, Museum, & Office building

Overview of Future Park Rangsit: Strictly private & confidential Location Map

Overview of Future Park Rangsit: Strictly private & confidential Assets Overview Future Park Rangsit Address: 94 Paholyothin Road, Pathumthani 12130, Thailand Description Future Park Rangsit is one of the leading shopping malls in Thailand, located on 108 rai 1 ngan 67.5 sq.wah (42.87 acres) plot of land and in strategic suburban location in the northern part of Bangkok, which consists of a 5-storey block and 7-storey block car park behind the mall and outdoor car park with parking space of up to 7,000 cars. Future Park Rangsit is a lifestyle entertainment complex and is the only one shopping mall in Thailand that consists of 2 department stores and 1 supercenter. Year of Construction Completion: 1995 Mall 1 (sq.m.) As of June 30, 2006 Lettable Area 179,157 Common Area 48,191 7,583 - Promotion Area 40,608 - Non Promotion Area Total Plaza Area 227,348 Service Area 56,281 Car Park 215,640 Total 499,269 Occupancy Rate 2 97% Number of Tenants 3 (unit) 542 1 Include FUTUREPF Note: 2 Not include promotion area 3 Not include promotion area, but equal to 882 tenants if include number of tenants in promotion area

Overview of Future Park Rangsit: Strictly private & confidential Highlight of Future Park Rangsit • Strategic location: accessibility and rapid growth in residential surrounding area • Future Park Rangsit, comprising 2 department stores and 1 supercenter, accounts for around 6.4% of total retail area in Bangkok and its vicinity • Future Park Rangsit is a well-structured retail property as it has clear and complete zoning such as fashion, IT, and lifestyle boutique service, etc • Future Park Rangsit has 300 branded fashion shops, 60 restaurants to suit customers’ appetite, 12 banks to facilitate all kind of financial transactions, and 126 mobile shops

Overview of Future Park Rangsit: Strictly private & confidential Accessibility Located on Paholyothin road, a 10- lane highway links from Bangkok to Ayudthaya, Pathumthani, • Nakornnayok, and Saraburi. The road is gateway to northern part and northeastern part of Paholyothin Road Road Paholyothin Paholyothin Road Thailand, which are approximately 56 provinces in the northern and northeastern parts of Thailand • Rangsit-Pathumthani road connects to Udonrattaya express way which has an exit on Express way Express way Express way Bangpoon where it is only 3 kilometers away from Future Park Rangsit (Udonrattaya Udonrattaya) ) ( (Udonrattaya) • East outer ring exits at Rangsit-Nakornnayok road and it is approximately 10 kilometers away from Future Park Rangsit Outer Ring Road Outer Ring Road Outer Ring Road • Tollway (Utrapimook) is constructing the Exit next to Future Park Rangsit. That construction is Tollway Tollway Tollway expected to be completed in 2008 ( (Utrapimook Utrapimook) ) (Utrapimook) • Connect Paholyothin road with Rangsit-Nakornnayok road to east outer ring Rangsit Rangsit Interchange Interchange Rangsit Interchange • Rangsit-Patumthani road passes through SRT to connect with Udonrattaya express way Bridge Bridge Bridge • The construction will be completed in 2008 • Upon completion, SRT (Red Line) sky train will lie adjacent to Future Park Rangsit building approximately 2 kilometers from the building. Future Park Rangsit may also be used as Park SRT (Red Line) SRT (Red Line) SRT (Red Line) and Ride Sky Train Sky Train Sky Train • The project is expected to be completed in the foreseeable future

Overview of Future Park Rangsit: Strictly private & confidential Potential Customer Number of houses in surrounding area Number of population in surrounding area Number of houses in surrounding area Number of population in surrounding area (person : million) (house : million) 6.00 2.00 1.80 1.71 1.78 1.64 5.00 1.58 4.49 1.60 4.47 4.37 4.34 0.28 0.27 0.26 0.25 1.40 0.86 0.88 4.00 0.87 0.85 1.20 3.00 1.00 0.72 0.74 0.78 0.69 1.98 2.02 1.95 1.95 0.80 2.00 0.60 0.40 1.00 0.66 0.69 0.72 0.64 1.55 1.61 1.61 1.53 0.20 0.00 0.00 2003 2004 2005 2006 2003 2004 2005 2006 20 k.m. Radius 40 k.m. Radius Saraburi & Nakornnayok 20 k.m. Radius 40 k.m. Radius Saraburi & Nakornnayok Source: RSP Source: RSP

Overview of Future Park Rangsit: Strictly private & confidential Customer Profile Occupation of customers Occupation of customers Age of customers Age of customers Occupation 2006 2005 2003 Age 2006 2005 2003 13 – 17 5% 8% 7% Students 38% 42% 49% 18 – 22 35% 38% 42% Corporate Officers 37% 32% 25% 23 – 29 23% 24% 26% Business Owners 18% 14% 7% 30 – 39 23% 17% 19% Government Officers 5% 7% 8% 40 + 14% 11% 8% Factory Workers 0% 4% 9% Source: RSP Housewife 2% 1% 2% Family Incomes of Customers Family Incomes of Customers THB/month 2006 2005 2003 20,000 – 29,999 21% 21% 48% 30,000 - 39,999 22% 24% 15% 40,000 – 49,999 13% 19% 8% 50,000 + 44% 36% 29% Source: RSP Source: RSP

Overview of Future Park Rangsit: Strictly private & confidential Customer Profile (Cont’d) Average Customers & Cars Total per day Average Customers & Cars Total per day Average Spending per visit Average Spending per visit person & cars (THB/visit) (thousand) 1,787 1,800 140 1,696 130.0 128.9 127.5 1,600 118.4 120 1,400 101.6 100 93.4 86.2 1,200 80 1,007 1,000 60 800 40 600 31.9 31.5 30.5 28.3 23.7 19.9 18.3 400 20 200 0 2000 2001 2002 2003 2004 2005 2006 0 2003 2005 2006 Average cars per day Average customers per day Source: RSP Source: RSP