SET Announcements

February 12, 2001 To : President The Stock Exchange of Thailand Re : Report on the Resolutions of the Board of Directors Meeting No. 2/2001 Noble Development Public Company Limited (the"Company") would like to inform you that the Board of Directors Meeting No. 2/2001 held on February 12, 2001 from 10.00 am. to 11.30 am. resolved the following matters: Agenda 1 Unanimously resolved to certify the Minute of the Board of Directors Meeting No. 1/2001 held on January 25, 2001. Agenda 2 Unanimously resolved to authorize the Company to allocate the 182,713,026 shares (One Hundred Eighty Two Million Seven Hundred Thirteen Thousand and Twenty Six Shares) newly issued ordinary shares to the existing shareholders (Right Offering). One existing ordinary share shall entitle to buy 2 newly issued shares at a price of Baht 1.50 (One Baht and Fifty Satang) per share. Any unsubscribed newly issued shares remaining from such allotment to the existing shareholders shall be offered to the shareholders who wish to subscribe for shared in excess of their entitlement at the same offering price. The existing shareholders who subscribe for one newly issued share shall receive one unit of the warrant with no cost. The allotment of warrants shall be made after the company is granted approval from the relevant authorities. According to the resolutions of the Extraordinary Shareholders Meeting No.2/2000 held on October 16 2000. Agenda 3 Unanimously approved to close the register of shareholders on February 27,2001 at 12:00 am. in order to determine the right of the shareholders to subscribe newly issued shares, as approved in the agenda 2 above. And unanimously approved that the subscription and payment period will be 5 official days from March 14, 2001 to March 20, 2001 during 8.30 am. to 3.30 pm. Please be informed accordingly Sincerely, Sitti Leelakasamelerk Director