SET Announcements

November 24, 1999 To: President The Stock Exchange of Thailand Re: Resolutions of the Board of Directors Meeting No. 5/1999 The Board of Directors Meeting of Noble Development Public Company Limited No. 5/1999 held on November 24,1999 passed resolutions as follows: Agenda 1 Unanimously certified minutes of the Board of Directors Meeting No. 4/1999, 4.1/1999, 4.2/1999, 4.3/1999 and 4.4/1999. Agenda 2 Acknowledged the resignation of Ms.Panida Theapkarnjana to resign from the company's director effective from November 24, 1999. Agenda 3 Unanimously approved to appoint Mr.Surachet Suboonson to replace the resigned director effective from November 24, 1999. Agenda 4 Unanimously approved to appoint persons name below to be the company's audit committee effective from November 24,1999. 1. Mr. Shaw Sinhaseni Chairman of the Audit Committee 2. Mr. Narong Taychachaiwong Member of the Audit Committee 3. Mr. Surachet Suboonson Member of the Audit Committee Also approved to specify annual remuneration amount of Baht 120,000 for Chairman and Baht 100,000 for each Member. The scope of duties and responsibilities and term for holding,details attachment F24-1. Please be informed accordingly. Sincerely, Sitti Leelakasamelerk Director