5.  Assets of Company

  Details of assets of the Company and its subsidiary companies as of 31
  December 2007 are as follows:

  5.1 Keppel Thai Properties Public Company Limited owns the following
  properties:

  5.1.1 Jewellery Centre, a 34-storey commercial tower covering a total
  area of 42,833.78 sqm for sale and lease, located at 138 Nares Road,
  Sipraya, Bangkok. The retained interest as at 31 December 2007 was a
  total area of 12,145.64 sqm or 28.36% of the total gross floor area.

  5.1.2 Sattahip Land, a residential plot awaiting development with a
  total area of 222-1-99 rai, located at Highway 332, Bangsare
  Sub-District, Sattahip District, Chonburi Province.

2.  Gold Star Property Co., Ltd, a property development company owns:

  Sukhapiban 3 Mansion, a 19-storey residential condominium with 1,024
  units, located at 22/1 Sukhapiban 3 Road, Huamark, Bangkok. The
  retained interest as at 31 December 2007 is 2 units with a total area
  of 119.21 sqm.

  5.3 Top Property Co., Ltd, a property development company owns:

  Watcharapol Project, 78-0-76.3 rai of freehold land which will yield
  270 units of two-storey detached houses when completed.

  5.4 Thai-Kami Co., Ltd, a property development company (previously
  engaged in granite business), owns the following properties:

5.4.1 Srinakarin Project, 99-3-97.8 rai freehold land which will yield
367 units of two-story detached houses when completed.

5.4.2 Granite Factory, located at 1 Moo 5, Mai Ngam Sub-District, Muang
District, Tak Province. The granite operation has eased Since 2000. The
machinery has been divested in early 2002 while the land will be either
sold or leased.

5.4.3 Chiang Mai VIP Tower, a 4-storey commercial building in which KTP
has a retained interest of 4 units totaling 890.88 sqm. The development
is located at 188/1-2 and 188/5-6 Moo 1 Huay KaewRoad, Changpueng
Sub-District, Muang District, Chiang Mai Province.

5.5 Cornerstone Realty Co., Ltd. develops residential properties.

  Summary of major assets of the Company and its subsidiary companies as

  at 31 December 2007

+-------------------------------+-------+-----------+---------+------+
|                               | R     | Net Book  | Ap      | Co   |
|                               | ight/ | Value     | praised | llat |
|                               |       |           | Value   | eral |
|                               | Posse |           |         |      |
|                               | ssion |           |         |      |
+-------------------------------+-------+-----------+---------+------+
| Keppel Thai Properties PCL    |       |           |         |      |
+-------------------------------+-------+-----------+---------+------+
| -   Land and building of      | Owne  | 8         | 319,0   | Par  |
|     Jewellery Centre          | rship | 8,551,649 | 00,000¹ | tial |
+-------------------------------+-------+-----------+---------+------+
| -   Land awaiting development | Owne  | 6         | 60,9    | None |
|     at Sattahip               | rship | 0,074,326 | 00,000² |      |
+-------------------------------+-------+-----------+---------+------+
| Gold Star Property Co., Ltd.  |       |           |         |      |
+-------------------------------+-------+-----------+---------+------+
| -   Apartment units of        | Owne  | 1,192,099 | 1,3     | None |
|     Sukhapiban 3 Mansion      | rship |           | 00,000³ |      |
+-------------------------------+-------+-----------+---------+------+
| Thai-Kami Co., Ltd.           |       |           |         |      |
+-------------------------------+-------+-----------+---------+------+
| -   Land and building of      | Owne  | 2         | 35,6    | None |
|     granite factory           | rship | 2,737,370 | 70,000⁴ |      |
+-------------------------------+-------+-----------+---------+------+
| -   Building of Chiang Mai    | Owne  | 3,470,492 | 13,4    | None |
|     VIP Tower                 | rship |           | 00,000⁵ |      |
+-------------------------------+-------+-----------+---------+------+
| -   Land and WIP under        | Owne  | 75        | 973,4   | Yes  |
|     development at Villa      | rship | 3,399,389 | 00,000⁶ |      |
|                               |       |           |         |      |
|   Arcadia at Srinakarin       |       |           |         |      |
+-------------------------------+-------+-----------+---------+------+
| Top Property Co., Ltd.        |       |           |         |      |
+-------------------------------+-------+-----------+---------+------+
| -   Land and WIP under        | Owne  | 84        | 841,0   | Yes  |
|     development at Villa      | rship | 1,704,182 | 00,000⁷ |      |
|                               |       |           |         |      |
|   Arcadia Watcharapol         |       |           |         |      |
+-------------------------------+-------+-----------+---------+------+
| Total                         |       | 1,77      | 2,244,  |      |
|                               |       | 1,129,507 | 670,000 |      |
+-------------------------------+-------+-----------+---------+------+

  Note : ¹ Appraised on 19 December 2006

  ² Appraised on 15 December 2006

  ³ Appraised on 28 October 1999 (based on 2 units as at 31 December
  2006)

  ⁴ Appraised on 25 December 2006

  ⁵ Appraised on 15 December 2006

  ⁶ Appraised on 27 December 2006

  ⁷ Appraised on 27 December 2006

Concessions for Granite Mining of Thai-Kami Co., Ltd

+---------+---------------+------------+------------------+----------+
| Con     | Location      | Total Area | Concession Right | Reserve  |
| cession |               | of         |                  | Granite  |
|         |               |            |                  | (cu.m.)  |
| No.     |               | Concession |                  |          |
|         |               | (Rai)      |                  |          |
+---------+---------------+------------+------------------+----------+
| 2572    | Mai Ngam,     | 17-1-99    | 20 years         | 36,300   |
| 7/14580 |               |            |                  |          |
+---------+---------------+------------+------------------+----------+
|         | Muang         |            | 1 June 1992 – 31 |          |
|         | District, Tak |            | June 2012        |          |
+---------+---------------+------------+------------------+----------+
| 2573    | Mae Salid,    | 240-3-32   | 25 years         | 358,400  |
| 2/14581 |               |            |                  |          |
+---------+---------------+------------+------------------+----------+
|         | Baan Tak      |            | 1 Jun 1992 - 31  |          |
|         | District, Tak |            | May 2017         |          |
+---------+---------------+------------+------------------+----------+