CPL - Recent Valuation of Lot 19, Kota Bharu, Kelantan

Notice of Recent Valuation of Property

Date of valuation : 30/9/2001

Name of valuer : Jones Lang Wootton

Description of property :

Lot 19 (New Lot No. 479) Jalan Long Yunus,
Kota Bahru, Kelantan

Valuation (M$) : 530,000

The valuation reports for the above properties are available for inspection at #21-00 Alexandra Point, 438 Alexandra Road, Singapore 119958 during normal business hours up to 22/1/2002.

The Directors have adopted the valuation in the financial statements for the year ended 30 September 2001.

This valuation, when expressed in S$, represents a slight gain over book value but will not be taken up in the accounts.

Submitted by Mrs Lim Joke Mui, Company Secretary on 23/10/2001 to the SGX