SET Announcements

April 28, 2000 To: President The Stock Exchange of Thailand Re: Report on Resolutions of the Annual General Shareholders Meeting for the year 2000. Noble Development Public Company Limited would like to inform you the resolutions of the Annual General Shareholders Meeting held on April 28, 2000 at 10.00 am. at the meeting room, 8th Floor, Noble House Phayathai Building, 35 Phayathai Road, Rajchathewi, Bangkok passed the resolutions as followed: Agenda 1 Unanimously certified the minutes of the Extraordinary Shareholders Meeting No.1/2000 held on March 23,2000. Agenda 2 Acknowledged the Company's operating performance for the year 1999. Agenda 3 Unanimously approved the Company's audited balance sheet and profit and loss statements as of December 31,1999. Agenda 4 Unanimously approved to omit the annual dividend payment and not to allocate the Company's net profit for the year 1999 to legal reserve fund. Agenda 5 Unanimously approved to increase the number of directors from 9 persons to 10 persons and to appoint Ms. Vasana Thieansirisak as the new director. Agenda 6 Unanimously approved to re-appoint of 4 retired directors, Mr. Kitti Thanakitamnuay, Mr. Narong Taychachaiwong, Mr. Vicharn Busrawong, and Mr. Thongchai Busrapan as the Company's directors and to fix remuneration of the directors for the year 2000 totaling not to exceed Baht 3,000,000. Agenda 7 Unanimously approved to change the Company's auditors and appoint Mr. Soonthorn Dentham, Certified Public Accountant No. 3340, Miss Wimon Chiamchittrong, Certified Public Accountant No. 3365 and Mrs. Anothai Leekitwattana, Certified Public Accountant No. 3442 (and Mr. Pongsak Achakulwisut, Certified Public Accountant No. 3536, for subsidiary companies) of PricewaterhouseCoopers ABAS Limited as the Company's auditor, any one being authorized to conduct the audit and express an opinion on the annual financial statements of the Company. In the absence of the above-named audits, PricewaterhouseCoopers ABAS Limited is authorized to identify one other Certified Public Accountant with PricewaterhouseCoopers ABAS Limited to carry out the work. The meeting also unanimously approved to fix the audit fees for the year 2000 totaling Baht 1,330,000. Sincerely, Sitti Leelakasamelerk Director