Padaeng Industries Plc disclosed 2 transactions including both disposition and acquisition as follows: Form of Disposition of Common shares of Subsidiary EPD Land Co Ltd 1. Date of transaction : On Jun 1997 Padaeng Properties Co Ltd, a wholly-owned subsidiary of PDI, agreed to dispose 50% stakes in IPD to International Property Management Co Ltd. 2. Partners : buyer : Interational Property Management Co Ltd seller : PDP 3. Characteristics of disposed assets : 230,000 common shares in IPD valued Bt23 m 4. Objective : to repay proceeds for 17 units of areas. Acquisition of Subsidiary 1. Date of transaction : Jun 1997 2. Charactertistics of acquired assets : IPD Land Co Ltd has since Apr 1996 commenced construction of "Ban Rim Maenam" living place located in Soi Charoen Krung 76-78 on 3-rai area which was purchased from PDP, expected to complete by early 1998. 3. Terms of payment : 17 room units valued Bt74.998 m 4. Source of fund : PDP will repay proceeds from disposing stakes in IPD (Bt23 m), repayments including capital and interests which was lent for that construction (Bt51.933 m) and its own working capital. 5. Criteria of value determination : normal selling price 6. Objective and benefits : to ease financial problem of IPD and to support the construction to completion.