No. 051/2017/047

  • Translation -

    24 August 2017

    Subject: The Supreme Court's Order for the Compensation Regarding the Fire at CentralWorld (Revised) To: The President,

    The Stock Exchange of Thailand

    As Central Pattana Public Company Limited and its subsidiaries ("CPN") have filed the complaint against Deves Insurance Public Company Limited ("Deves Insurance") for the compensation regarding the fire at CentralWorld, pursuant to the Industrial All-Risk policy. The summarized information regarding such case is as follows:

    1. On 1 March 2013, the Court of First Instance gave the judgment in favor of CPN ordering Deves Insurance to pay compensation for property damage to CPN. However, Deves Insurance lodged an appeal against the judgment of the Court of First Instance.

    2. On 9 October 2014, the Appeal Court reversed the judgment of the Court of First Instance. Consequently, Deves Insurance did not have to make payment of compensation to CPN.

    3. On 9 March 2015, CPN filed the complaint against the judgment of the Appeal Court and the petition requesting for the permission to Dika appeal to the Supreme Court.

    4. On 24 August 2017, the Court of First Instance read the decision made by the Supreme Court that the Supreme Court gave the verdict to not permit the Dika appeal and rejected CPN's petition.

    However, CPN bought the terrorism insurance with the sum insured of Baht 3,500 million therefore CPN will claim against the insurance company for the compensation pursuant to the terrorism policy. In addition, CPN has recognised losses from asset write off for property damage at CentralWorld with the total amount of Baht 775 million in the 2010 Financial Statement.

    Your acknowledgment of this matter would be appreciated.

    Sincerely,

    -Ampawee Chompoopongkasem- (Ms. Ampawee Chompoopongkasem) Company Secretary

    Remark Details related to No. 1 and 2 are shown in the disclosure to the Stock Exchange of Thailand on 1 March 2013 and 9 October 2014, respectively.

    2

    Central Pattana pcl published this content on 25 August 2017 and is solely responsible for the information contained herein.
    Distributed by Public, unedited and unaltered, on 25 August 2017 02:27:08 UTC.

    Original documenthttp://ir.listedcompany.com/tracker.pl?type=6&id=600976

    Public permalinkhttp://www.publicnow.com/view/D02691F9412C9D42B1285A0237024DE61CDD7750