CLARIFIES FOR Q3/97 RESULT

20 November 1997
Noble Development Plc clarified for dumping performance in comparison with the same period a year before as follows: 1. Foreign exchange loss soared to Bt136.8 m including Bt30.6 m realised and Bt99.98 m unrealised. 2. Revenue from sales was 88% less than last year because of economic malaise causing that Bt381.96 m valued of contracts must be annulled, and 81% sales lower of the company and subsidiaries. 3. As number of creditors slowed down borrowing extension, it must shoulder higher interest expenses following interest rate hike.