1

Presentation of 3Q07 results

November 2007

CP All Public Company Limited

2

Financial Highlights

Consolidated

Total Revenue 26,226 29,055 +10.8%

Net Profits 382 263 - 31.2%

3Q06 3Q07 ChangeUnits in Million Baht Company Only

Total Revenue 17,586 20,546 + 16.8% Net Profits 523 446 - 14.7%

Year 2004 2005 2006

Total Revenue (Consolidated) 77,840 98,948 104,879

Net Profits (Consolidated) 1,198 1,508 1,332

9M06 9M07 Change

50,910 59,791 + 17.4% 1,833 1,971 + 7.5%

77,339 85,266 +10.2%

1,259 1,113 - 11.6%

3

Price (November 12, 2007) : Bt 9.85

Hi/Low (YTD) : Bt 12.5/5.5 per share

Average daily turnover : Bt 65.62 million

No. of shares : 4,470,224,988 (Par Bt 1)

Market capitalization : Bt 44,031.72 million

Major shareholders : CP Group 44.7% AIA 9.0% Goldman Sachs 6.5% GIC 5.0%

First trade date : October 14, 2003 Dividend Payment 2004 : Bt 2.25 per share (payout ratio of 59%) Dividend Payment 2005 : Bt 0.30 per share (payout ratio of 88%) Dividend Payment 2006 : Bt 0.25 per share (payout ratio of 84%)

Share Capital Information

Note: Year 2005 Capital was increased by stock dividend at 1:1 and par value was changed from

Baht 5 to Baht 1 per share.: October 19, 2007 C.P. Seven Eleven Plc. has changed its name with the Registrar of Ministry of Commerce to “CP All Plc.”: October 26, 2007 Trading symbol of “CP7-11” has been changed to “CPALL”.

4

Convenience Store Business :

Businesses in Thailand

“7-Eleven”

5

Store Types Breakdown

0

2,500

5,000

1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07

2,0141,9471,8741,8241,7751,7061,640

2,1852,1082,0381,9601,8991,8371,798

BKK&SuburbanProvincial

3,438

BKK & Suburban / Provincial

3,543 3,7843,674

0

2,500

5,000

1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07

2432322232162132041951,5341,5121,4571,4491,4031,3291,253

2,4222,3112,2322,1192,0582,0101,990

Corporate FranchiseSub area

Corporate / Franchise / Sub area

3,438

0

2,500

5,000

1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07

586561533505470441408

3,6133,4943,3793,2793,2043,1023,030

Stand-aloneIn PTT gas station

Stand-alone /In PTT gas station

3,438

Stores/Year 2004 2005 2006 9M07

BKK & Suburban 1,571 1,748 1,960 2,185

Provincial 1,290 1,563 1,824 2,014

Total 2,861 3,311 3,784 4,199

Expansion +464 +450 +473 +415

3,543

3,543

3,674

3,674

3,784

3,784

3,912 3,912

3,912

4,055

4,055

4,055 4,199 4,199

4,199

6

Same Store Sales Growth

30,000

45,000

60,000

75,000

2004 2005 2006 2Q06 3Q06 2Q07 3Q07 9M06 9M07

66,37365,43765,93166,71265,17365,37465,24859,94359,655

All Store Sales

Note : * Calculated based on number of stores opened at the end of the previous comparable period i.e. stores under operation of at least 1 year. The figures of average same store sales include phone card and are used for comparison only.

Avg. Same Store Sales per Store per Day*

Same Store Sales Growth

SSS Growth (Incl. T/E)

SSS Growth (Excl. T/E)

2004 2005 2006 2Q06 3Q06 2Q07 3Q07 9M06 9M07

6.7% 10.7% 7.8%

4.8% 4.7% 5.5%

9.6% 8.7%

6.0% 7.5%

2.0% 1.2%

5.6% 4.4%

10.3% 1.4%

6.2% 5.8%

+1.2% YoY +1.4% YoY

7

Sales and Spending per Ticket

0

200

400

600

800

1,000

1,200

2004 2005 2006 2Q06 3Q06 2Q07 3Q07 9M06 9M07

1,1531,1631,1621,1751,1591,1751,1561,032956

0

10

20

30

40

50

60

70

2004 2005 2006 2Q06 3Q06 2Q07 3Q07 9M06 9M07

565655565555565856

Spending per Ticket

No. of Customers per Store per Day

8

Product Sales Mix & Gross Margin Mix

0%

10%

20%

30%

40%

50%

1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07

12.30% 12.50% 12.50% 12.60% 12.60% 12.90% 12.40%

26.70% 27.40% 27.10% 27.00% 26.80% 27.00% 27.20%

FoodsNon Foods

0%

20.00000000000000410%

40.00000000000000819%

60.00000000000001229%

80.00000000000001638%

100.00000000000002048%

1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07

51.00%50.00%52.00%52.60%52.70%52.60%55.40%

49.00%50.00%48.00%47.40%47.30%47.40%44.60%

FoodsNon Foods

Product Sales Mix – Included T/E

Gross Margin Mix

Product Sales Mix – Excluded T/E

0%

20%

40%

60%

80%

100%

1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07

27.80%26.90%28.30%28.50%27.60%27.70%28.80%

72.20%73.10%71.70%71.50%72.40%72.30%71.20%

FoodsNon Foods

0%

10%

20%

30%

40%

50%

1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07

25.70% 26.60% 26.30% 26.20% 26.10% 26.40% 26.10%

18.70% 19.60% 19.40% 19.40% 19.40% 19.90% 19.60%

Total ProductTotal Prod. - Excl. T/E

9

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

2Q06 3Q06 2Q07 3Q07 9M06 9M07

5,282

3,963

1,8841,8011,5041,299

14,58311,865

5,1954,9644,1353,97642,79336,670

14,81314,40512,76312,279

CVS Operating expensesOther business

0

500

1,000

1,500

2,000

2,500

3,000

2Q06 3Q06 2Q07 3Q07 9M06 9M07

430545

114141

229169 2,4152,374

538927689949

CVSOther business

Convenience Store Performance

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

2Q06 3Q06 2Q07 3Q07 9M06 9M07

5,712

4,508

1,9991,9421,7341,468

3,209

2,502

1,0021,208745952

56,58348,407

19,54419,08916,84116,252

CVS Other Operating IncomeOther business

CVS Costs 2CVS Revenue 1

Note: All data are before elimination. Interest Income are included in Other Operating Income. 1 CVS Revenue are comprised of sales & service incomes, other operating incomes and other businesses revenues. 2 CVS Costs are comprised of costs of sales & service and SG&A expenses.

Operating Profits

Year 2004 2005 2006

CVS Revenue1 57,857 72,081 76,010

CVS Costs2 55,814 69,252 72,426

Operating Profits 2,043 2,829 3,584

+18.2% YoY

-2.5% YoY

+19.3% YoY

18,67222,239

18,40217,554

1,118 1,068918

21,170+16.7% YoY

+19.0% YoY

-29.0% YoY

19,320

5,712

22,545

65,504

55,417

21,892

62,658

52,498

652

2,8452,919

10

Business in PRCSupercenter Business : Lotus Shanghai

Note : SLS has commenced contract since July 2004 to manage another 2 Lotus stores in Wuhan without title to any assets in accordance with an agreement to manage an outlet between SLS and two local companies

0

10.875

21.750

32.625

43.500

1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07

23232323232322

20202020202020

Shanghai cityOther provinces

No. of Stores 2004 2005 2006

Shanghai 14 19 20

Others 11 21 23

Total 25 40 43

Shanghai (20)

Hangzhou (1)

Nanjing (2)Wu Xi (3)

Huai An (1)

Shaoxing (1)

Xu Zhou (1)

Kun Shan (1)

Tai Zhou (1)

Nantong(1)

Wu han (3)

Chongqing(2)

Hefei(1)

Jiaxing(2)

In 3Q07, there is no opening of new stores; thus, total Lotus stores remain unchanged at 43.

Chengdu(1)

ZheJiang (1)

Hunan (1)

Store Network

42 43 43 43 43 43 43

11

0

20

40

60

2Q06 3Q06 2Q07 3Q07 9M06 9M07

444343404138

0

200

400

600

800

2Q06 3Q06 2Q07 3Q07 9M06 9M07

430493

417392464438 425412417387393370

All store salesSame store sales

Average Sales/Store/Day and Product Mix

0%

5%

10%

15%

20%

25%

30%

35%

1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07

28.3% 28.7% 27.9% 29.0%26.5%

28.5% 27.2%

11.1% 11.2%9.5% 10.6% 10.8% 11.5% 12.0%

7.1% 6.3% 5.9%7.4% 7.5% 8.4% 9.6%

12.4%10.3%

8.4% 8.4% 9.4% 8.2% 9.1%

Fresh foods Dry grocery HardlineApparel

Year 2004 2005 2006

Same Store Sales (000 RMB) 797 626 476

Sales per sq.m. (RMB) 70 51 43

Avg. Sales/Store/Day

Sales per sq.m.

Product Sales Mix (%)

Gross Margin Mix (%)

Average Sales/Store/Day and Product Mix

0

0.375

0.750

1.125

1.500

1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07

0.1010.1020.1130.1320.1090.1200.1150.2010.2070.1950.2030.2020.2110.199

0.4740.4770.4830.4500.4560.4660.477

0.2250.2150.2090.2150.2330.2030.209

Fresh foods Dry grocery HardlineApparel

12

-3000

-2500

-2000

-1500

-1000

-500

0

500

2Q06 3Q06 2Q07 3Q07 9M06 9M07

-2503-2037

-715-1100-835-785

0

5000

10000

15000

20000

25000

30000

2Q06 3Q06 2Q07 3Q07 9M06 9M07

12071618

437330501461

2275223359

7486687775286938

Sales and Service Income Other Operating Income

0

5000

10000

15000

20000

25000

30000

2Q06 3Q06 2Q07 3Q07 9M06 9M07

63716274

20532247212320512009120741

6585606067426133

Costs Sales and Service Operating Expense

Sales and Service Income

Operating Profit

Year 2004 2005 2006

Sales & Service Income 23,498 31,310 33,085

Cost of Sales & Service

and Operating Expenses22,974 32,500 36,406

Operating Profits 524 -1,190 -3,321

Supercenter Performance

Costs of Sales & Service and Operating Exp.

8,184

Note : All data are before elimination. Interest income are included in Other Operating Income.

7,399 8,029 7,207

-4.1% YoY

8,865 8,307

-1.3% YoY

-2.0% YoY

-2.6% YoY

7,923

23,95924,977

8,638

26,46227,015

13

14

Financial Highlights : 3Q07 Consolidated

15

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

2Q06 3Q06 2Q07 3Q07 9M06 9M07

85,26677,339

29,05527,87826,22724,983

Revenue

0

200

400

600

800

1,000

1,200

1,400

2Q06 3Q06 2Q07 3Q07 9M06 9M07

1,1131,259

263266382388

Net ProfitsTotal Revenue

-11.6% YoY

Year 2004 2005 2006Revenue (Bt mn) 77,840 98,948 104,879

Net Profit (Bt mn) 1,198 1,508 1,332

+10.2% YoY

16

-3,400

-2,800

-2,200

-1,600

-1,000

-400

200

800

1,400

2,000

2,600

3,200

430545114229

-2,503-2,037

-715-835

2,4152,374

538689

7ElevenLotusOthers

Operating profit (By Business Segment)

Operating profit (Bt mn) 2004 2005 2006

7-Eleven 1,602 2,316 2,863

Lotus 524 -1,190 -3,321

Others 441 512 720

Total 2,567 1,638 262

3Q06

Note : All data are before elimination. : Other businesses mainly are comprised of Counter Service, Retailink, CPRAM and others. : Operating profit is prior to minority interests adjustment.

Million Baht

Bt 83 million Bt 342 million-176% YoY Bt -63 million Bt 882 million -61% YoY

3Q07 9M06 9M07

17

Selling and Administrative Expenses

22.0%

6.5%

11.0%

10.1%

9.8%

12.5%

28.1%

Personnel Expenses Store Mgt FeesDepre&Amor UtilitiesRental Advertising Others*

3Q07 Breakdown for Company Only

* Others are comprised of royalty fee, professional fee, R&D, and transportation etc.

SG&A 2004 2005 2006

SG&A Expense (Bt mm) 15,012 20,485 25,927

% of total revenue 19.3% 20.7% 24.7%

02,0004,0006,0008,000

10,00012,00014,00016,00018,00020,00022,000

2Q06 3Q06 2Q07 3Q07 9M06 9M07

0.2

0.2

0.30.30.20.2

21,114.018,240.0

7,305.07,247.06,307.06,114.0

SG&A % of total revenues

18

0

20

40

60

80

2004 2005 2006 1Q07 2Q07 3Q07

60.852.555.159.4

47.140.0

Key performance ratio

0%

2%

4%

6%

8%

10%

2004 2005 2006 1Q07 2Q07 3Q07

2.50%2.70%

5.70%

3.20%4.40%4.70%

0%

5%

10%

15%

20%

25%

2004 2005 2006 1Q07 2Q07 3Q07

14.20%13.80%

25.00%

14.40%14.70%12.80%

ROAA ROAE

Cash Cycle DayCash

0

2,000

4,000

6,000

8,000

10,000

12,000

2004 2005 2006 1Q07 2Q07 3Q07

10,670

8,406

10,2939,9528,581

7,156

Note: annualize return is calculated by multiplying quarterly return with 4.

19

7-Eleven Store Expansion

Stand alone 75% PTT 25%

Franchise 60% Corporate 40%

Bangkok 45% Provincial 55%

Target to achieve 3-5% same store sales

growth for the next 3-5 years

Foods : Non-Foods 50 :50

Retailer Initiative : Store Assortment

2007 Projected CAPEX

Thailand Million Baht

400-450 stores expansion 1,300 400 stores renovation 400 Investment in subsidiaries & DC 1,000 Fixed assets & IT system 500

Total 3,100

Future and Capex Plan

Product Strategy

Open 400-450 stores/yearTarget to reach

5,000 stores

20

Appendix

Shanghai Lotus Supermarket Chain Store

* No longer commencing operation

Counter Service

ThaiSmart Card

C.P. Retailing & Marketing

Retailink(Thailand)

Gosoft (Thailand)

MAM Heart

Yangtze Supermarket Investment

Thailand

Hong Kong

PRC

99.99% 99.99% 99.99% 99.99% 99.99% 99.99%

DynamicManagement

British Virgin Island

99.99%

54%54%

100%

54%

Ek Chor Trading*

Emerald Innovation Management

1%

100%

Suksapiwat

61.03%

Lotus Distribution Investment

100%

Ek Chor Distribution

System

1%

Panyatara

99.99%

Group Structure of CP All Public Company Limited

21

Changes in Accounting

Before Feb 2004 Phone card revenues were booked under CVS segment.

Feb 2004 Phone card revenues were booked under Other Business segment.

Impact In segmentation report, sale, cost of sales and operating profit under Other Business will be increased and vice versa under CVS.

Sept 2005 Phone card revenues were booked under CVS segment.Impact In segmentation report, sale, cost of sales and operating profit under CVS

will be increased and vice versa under Other Business.

Oct 2005 Phone card revenues of two mobile phone operators were booked as commission earned.

Impact In consolidated, the company only and segmentation reports, sale and cost of sales will be reduced but service income will be increased. However, operating profit remains unchanged.

Jan 2007 Accounting policy change regarding investment in subsidiaries and associates in the company only report from equity method to cost method starting from Jan 1, 2007 onward.

Impact Net profit shown in the company only report will be different from that shown in consolidated financial statement. Disclaimer :

This document may be deemed to contain forward-looking statements. These forward-looking statements include, among other things, statements regarding future events and the future financial performance of CP All that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. Any projections in the fact sheet are based on limited information currently available to CP All, which is subject to change. Actual events or results could differ materially and no reader of the fact sheet should assume later that the information provided today is still valid. Such information speaks only as of the date of the fact sheet.

22

Connected transactions regarding disposition of Lotus Supercenter business in PRC

23

Current Lotus Shareholding

LDI

CRF

54%

46%

54%100%

CP7-11

100%

Current Holding Structure of Lotus Central

Yangtze Supermarket

Investment (YSI)

Shanghai Lotus Supermarket

(SLS)

CTDI

CPH (BVI)

45%1%

Current Holding Structure of Lotus North and Lotus South

Chia Tai Enterprise

International(CTEI)

Lotus North

Lotus South

100% 100%

North21 stores

Performing: 10 storesNon performing: 11 stores

South11 stores

Performing: 11 storesCentral41 stores

Performing :19 storesNon performing : 22 stores

24

LDI

CRF

54%

46%

54%100%

CP7-11

100%

Yangtze Supermarket

Investment (YSI)

Shanghai Lotus Supermarket

(SLS)

CTDI

CPH (BVI)

45%1%

Central41 stores

Performing :19 stores

Non performing : 22 stores

1.The reorganization of SLS by disposing of its 22 non-performing stores to CPH.

2. CP7-11 and LDI will dispose the SLS interests held through 55% shareholding in YSI of to CTEI.

Consideration: CTEI’s CB to CP7-11 and LDI in the amount of HKD 891.2 million or Baht 3,918 million.

3. In addition, CP7-11 and/or LDI will subscribe CB issued by CTEI in the amount of HKD 156.4 million or Baht 687.6 million

CB terms and conditions:

Maturity 3 years extendable to 5 years Interest 1% per annum Conversion price HKD 0.39 / share

CP7-11 will receive CB from the disposition

25

CTEI post restructuringCTEI restructuring : acquire 19 performing stores and dispose 11 non-performing stores in

the North : extends its presence in Northern, Central and Southern regions of the

PRC with operating 40 performing stores : create synergy through economy of scale and collective purchasing

power with vendors and suppliers

YSI

Chia Tai Enterprise International (CTEI)

Lotus North

Lotus South

100% 100%

Performing Stores

10 stores

Performing Stores

11 stores

100%

CTDI

100%

Performing Stores

19 stores

SLS

54% 46%

CP7-11and LDI

Convertible Bond

26

CTEI Financial Impact

The CTEI Group The Enlarged CTEI Group before restructuring after restructuring

units in million HKD

Total Assets 2,459.1 7,887.4

Total Liabilities 2,528.5 6,597.3

Net Asset Value (69.4) 1,290.1

Revenue 3,482.8 6,892.0

Net Loss (347.5) (335.5)

EBITDA (133.1) 140.5

Financial impact of the restructuring as if the Restructuringhad been completed as of December 31, 2006.

Source: CTEI circular on June 29, 2007