5.  Assets of Company

  Details of assets of the Company and its subsidiary companies as of 31
  December 2008 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 2008 was a
  total area of 12,145.64 sqm or 28.36% of the total gross floor area.

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

  5.2.1 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 2008 is 2 units with a total area
  of 119.21 sqm.

  5.3 Top Property Co., Ltd, a property development and construction
  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 change name to The Trio Chiang Mai, 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 2008

+--------------------------------+-------+----------+---------+------+
|                                | R     | Net Book | Ap      | Co   |
|                                | ight/ | Value    | praised | llat |
|                                |       |          | Value   | eral |
|                                | Posse |          |         |      |
|                                | ssion |          |         |      |
+--------------------------------+-------+----------+---------+------+
| Keppel Thai Properties Public  |       |          |         |      |
| Company Limited                |       |          |         |      |
+--------------------------------+-------+----------+---------+------+
| -   Land and building of       | Owne  | 77       | 324,0   | Par  |
|     Jewellery Centre           | rship | ,465,192 | 00,000¹ | tial |
+--------------------------------+-------+----------+---------+------+
|                                |       |          |         |      |
+--------------------------------+-------+----------+---------+------+
| Gold Star Property Co., Ltd.   |       |          |         |      |
+--------------------------------+-------+----------+---------+------+
| -   Apartment units of         | Owne  | 1        | 1,3     | None |
|     Sukhapiban 3 Mansion       | rship | ,167,113 | 00,000² |      |
+--------------------------------+-------+----------+---------+------+
| Thai-Kami Co., Ltd.            |       |          |         |      |
+--------------------------------+-------+----------+---------+------+
| -   Land and building of       | Owne  | 21       | 35,0    | None |
|     granite factory            | rship | ,305,305 | 00,000³ |      |
+--------------------------------+-------+----------+---------+------+
| -   Building of Chiang Mai VIP | Owne  | 2        | 13,6    | None |
|     Tower,                     | rship | ,991,803 | 00,000⁴ |      |
|                                |       |          |         |      |
|   change name to The Trio      |       |          |         |      |
|   Chiang Mai                   |       |          |         |      |
+--------------------------------+-------+----------+---------+------+
| -   Land and work in progress  | Owne  | 635      | 761,4   | Yes  |
|     under development at Villa | rship | ,387,296 | 00,000⁵ |      |
|     Arcadia at Srinakarin      |       |          |         |      |
+--------------------------------+-------+----------+---------+------+
| Top Property Co., Ltd.         |       |          |         |      |
+--------------------------------+-------+----------+---------+------+
| -   Land and work in progress  | Owne  | 840      | 917,0   | Yes  |
|     under development at Villa | rship | ,153,314 | 00,000⁶ |      |
|     Arcadia Watcharapol        |       |          |         |      |
+--------------------------------+-------+----------+---------+------+
| Total                          |       | 1,578    | 2,052,  |      |
|                                |       | ,470,023 | 300,000 |      |
+--------------------------------+-------+----------+---------+------+

  Note: ¹ Appraised on 29 August 2008

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

  ³ Appraised on 28 August 2008

  ⁴ Appraised on 25 August 2008

  ⁵ Appraised on 29 August 2008

  ⁶ Appraised on 28 August 2008

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         |          |
+---------+---------------+------------+------------------+----------+