Bangkok--29 Aug--Francom Asia Consolidated H108 revenues Bt 1,173 million and net profit of Bt 2 million. Unrecognized sales reach Bt 9,395 million at mid-year. BANGKOK; August 28, 2008 — Raimon Land1 submitted its second quarter 2008 financial results to the Stock Exchange of Thailand on 14th August 2008. Consolidated revenues in the quarter were Bt 437 million, up 13% from the same quarter last year. Consolidated revenues for the full first half of 2008 were registered at Bt 1,173 million compared to Bt 708 million during the first half of 2007, representing an increase of 65%. During the second quarter of 2008 recognized revenues from The River more than doubled to Bt 236 million compared to the first quarter of the year. Overall The River and Northpoint represented 71% of Raimon Land’s recognized revenues in the first half of 2008, whereas in the first half of last year the most significant properties were The Lofts Yennakart and The Heights-Phuket.Revenue breakdown analysis Consolidated Company only(Recognized revenues) H108 % H107 % H108 % H107 %Bt million of total Bt million of total Bt million of total Bt million of totalThe River 338 29% - 0% - 0% - 0%The Lofts Yennakart 89 8% 342 48% - 0% - 0%The Heights Phuket 107 9% 264 37% 107 13% 264 63%Northpoint 495 42% - 0% 495 58% - 0%Other* 143 12% 101 14% 249 29% 152 37%Total revenues 1,173 100% 708 100% 851 100% 416 100%Net Profit 2 (66) 104 (39) * Including sales from other properties, rental and service income, project management fees, marketing commissions, gain from the reversal of accrued special business tax and accrued transfer fees, and others.Due to accounting regulations in Thailand2, the revenue figures in the financial statements represent only a small portion of the value of unit sales to date. At 30th June 2008, the total value sales at Raimon Land’s four current properties was approximately Bt 12.3 billion, of which only about Bt 2.9 billion had been recognized. Unrecognized income at The River reached Bt 6.8 billion.Property Sold valueto 30th June 2008 Recognizedto 30th June 2008 Unrecognizedto 30th June 2008 CollectionBt million Bt million Bt million %The River* 7,159 (338) 6,821 17 %Northpoint 3,193 (796) 2,397 26 %The Heights Phuket 999 (821) 178 39 %The Lofts Yennakart 908 (908) - 69 %Total 12,258 (2,863) 9,395* Owned 59.8% by Raimon LandCompany Only Though negative for the second quarter (Bt 65 million) for the first half of the year Raimon Land’s company only net profit was Bt 104 million compared to a net loss of Bt 39 million during the first half of 2007.Consolidated Though negative for the second quarter (Bt 66 million), for the first half of the year Raimon Land’s consolidated net profit was slightly positive at Bt 2 million compared to a net loss of Bt 66 million during the first half of 2007. Total consolidated shareholders’ equity (‘book equity’) increased to Bt 2,980 million by the end of the second quarter 2008. The ratio of net interest-bearing debt (after cash) to book equity remained at approximately 1.2 to 1.Chief Executive Officer, Nigel J Cornick, commented on the results: “The first half results show gains versus last year. While these accounting figures are important, investors should keep a firm eye on the longer term picture - in particular sales at The River and Northpoint worth over nine billion baht which have not yet been recognized in our financial statements.” For more information on Raimon Land and its investor relations programme, please contact Khun Phatthra on [email protected], telephone 02 651 9600 ext.139 Press Enquiries: Walaiklao Kumwong Kwanrudee Maneewongwatthana C/o Francom Asia Senior Vice President Communications Tel: 02 233 4338 or 39 22nd Floor, The Millennia Tower Fax: 02 236 80 30 Tel: +66 (0)2651-9600 to 4 E-mail: [email protected] Fax: +66(0)2651 — 9614 E-mail: [email protected]