SET Announcements

March 24, 2000 To: President The Stock Exchange of Thailand Re : Report on the Resolutions of the Board of Directors Meeting No. 4/2000 and Omission of Annual Dividend Payment. Noble Development Public Company Limited (the Company) would like to inform you that the Board of Directors Meeting No. 4/2000 held on March 24, 2000 from 10.00 am. to 11.30 am. at the Company's meeting room, 2nd Floor, Noble House Phayathai Building, 35 Phayathai Road,Ratchathewi, Bangkok, passed the resolutions as followed: Agenda 1 Unanimously certified minutes of the Board of Directors Meeting No. 3/2000. Agenda 2 Unanimously approved to omit annual dividend payment and not to allocate the Company's net profit for the year 1999 to legal reserve fund. Agenda 3 Unanimously approved to increase the number of directors from 9 persons to 10 persons,and appointed Ms. Vasana Thieansirisak to be the new director. Agenda 4 Unanimously approved to close the register of shareholders on April 10, 2000 at 12.00 am. until the annual general shareholders meeting No. 1/2000 is ended.The annual general shareholders meeting No. 1/2000 will be held on April 28, 2000 at 10.00 am. at the meeting room, 8th Floor,Noble House Phayathai Building, 35 Phayathai Road, Rajchathewi, Bangkok 10400, to certify and/or approve the following matters; Agenda 1 Consideration and certifying the Minutes of the Extraordinary Shareholders Meeting No. 1/2000 held on March 23, 2000. Agenda 2 Consideration and acknowledgment the Company's operating performance for 1999. Agenda 3 Consideration and approval the Company's balance sheet and profit and loss statements as of December 31,1999. Agenda 4 Consideration the omission of the annual dividend payment and of the allocation of the Company's net profit from January 1,1999 to December 31,1999 to legal reserve fund. Agenda 5 Consideration and approval of the increase of the number of directors and appoinment of the new director. Agenda 6 Consideration and election of the Company's directors replace to the directors who will retire and consider the remuneration for year 2000. Agenda 7 Consideration and appointment of the Company's auditor and audit fees for year 2000. Agenda 8 Consideration other matters (if any). Sincerely, Thongchai Busrapan Director