SET Announcements

March 24, 1999 Manager The Stock Exchange of Thailand Dear sir: The board of directors of Noble Development Public Company Limited at a meeting #2/1999 held on March 24, 1999 passed the following resolutions : 1. That the company will omit dividend payment for the operation from January 1,1998 to December 31,1998 and not to allocate net profit for legal reserves because of 1998 the companys operating net loss. 2. That an ordinary general meeting of shareholders should be held on April 28,1999 at 10.00am at 806/1-3 Sukhumvit 55, Bangkok 10110. 3. That the date for closing the company share register for the right to attend the meeting will be on April 8,1999 at 12.00pm until April 28,1999. 4. That the agenda for the meeting will : 4.1 Certify the minute of the ordinary general meeting of shareholder for 1998 held on April 27,1998. 4.2 Certify the companys operating performance for 1998. 4.3 Approve the companys balance sheets and profit and loss statements as at December 31,1998. 4.4 Consider not to allocate net profit for legal reserves and dividend omissions for 1998s operational results. 4.5 Appoint new directors to succeed those completing their terms, and fix their remuneration for 1999. 4.6 Appoint an auditor and fix the auditing fee for 1999. 4.7 Consider other issues (if any). Sincerely, Sitti Leelakasamelerk Director