SET Announcements

Capital Increase Report Form Noble Development Public Company Limited February 12, 2001 We, Noble Development Public Company Limited hereby report of the resolutions of the Board of Directors Meeting No. 2/2001, held on February 12, 2001 from 10.00 am. to 11.30 am. details as follows: 1. Capital increase: -None- 2. Allotment of new shares: 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 at par value of 10.00 baht (Ten Baht) totally 1,827,130,260.00 baht (One Thousand Eight Hundred Twenty seven Million One Hundred Thirty Thousand Two Hundred And Sixty Baht) to the existing shareholders (Right Offering) details as follows: The details of the allotment Allotted to Number Ratio Sale price Subscription Note (shares) (old:new) per share/unit and payment (Baht) period Existing 182,713,026 1:2 1.50 March 14,2001 - shareholders to March20,2001 During 8.30 am to 3.30 pm. 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. 2.1 The Company's plan in the case where there is a fraction of shares remaining _______________-_________________ 2.2 The number of shares remaining from the allotment is - shares with par value of - Baht each, totaling - million Baht. 3. Schedule for shareholders meeting to approve the capital increase /allotment. - None- 4. Approval of the capital increase/share allotment by relevant governmental agency and conditions thereto (if any) - None - 5. Objectives of the capital increase and plan for utilizing proceeds received from the capital increase Total proceeds from the increase capital approximately 1,370 Million Baht, which are form the newly issued ordinary shares approximately 274 Million Baht and the conversion of warrants to purchase ordinary shares approximately 1,096 Million Baht, will be used for real estate assets acquisition to expand the business. 6. Benefits, which the Company will receive from the capital increase /share allotment: The company can use the fund raising to support the expansion of the business. 7. Benefits, which the shareholders will receive from the capital increase/share allotment: 7.1 Dividend policy The Company will pay dividend at the rate of not less than 40 percent of net income each year. 7.2 Subscribers of new shares issued for this capital increase will be entitled to receive dividends from the Company's business operations starting from the fiscal year that the shares are subscribed. 8. Other details necessary for shareholders to approve the capital increase/share allotment: -None- 9. Schedule of action where the board of directors of the Company passes a resolution approving the capital increase or allotment of new shares: Date Actions February 27, 2001 Close the register of shareholders in order to determine the right of the shareholders to subscribe newly issued shares March 14, 2001 to Subscription and payment period during 8.30 am. March 20, 2001 to 3.30 pm. The Company hereby certifies that the information contained in this report form is true and complete in all respects. Signed Director (Thongchai Busrapan)