SET Announcements

April 30, 2001 To: President The Stock Exchange of Thailand Re: Report on Resolutions of the Annual General Shareholders' Meeting for the Year 2001. Noble Development Public Company Limited would like to inform you the resolutions of the Annual General Shareholders' Meeting held on April 30, 2001 at 10.00 a.m. 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 minute of the Extraordinary Shareholders' Meeting No. 2/2000 held on October 16,2000. Agenda 2 Acknowledged the Company's operating performance for the year 2000. Agenda 3 Unanimously approved the Company's audited balance sheet and profit and loss statements as of December 31, 2000. Agenda 4 Unanimously approved to omit the annual dividend payment and not to allocate the Company's net profit for the year 2000 to legal reserve fund. Agenda 5 Unanimously approved to re-appoint of 4 retired directors, Mr. Sitti Leelakasamelerk, Ms. Boonperm Jiamtiranat, Mr. Thakonkiat Virawan and Mr. Surachet Suboonson as the Company's directors and fix remuneration of the directors and Audit Committee for the year 2001 as follows: 1.Directors - totalling not exceed Baht 3,000,000/year 2.Chairman of the Audit Committee - Baht 120,000/year 3.Member of the Audit Committee - Baht 100,000/person/year Agenda 6 Unanimously approved to appoint Mr. Soontorn Dentham Certified Public Accountant No. 3340, Mr. Boonmee Ngotngamwong Certified Public Accountant No. 3673 and Miss Wimon Chiamchittrong Certified Public Accountant No. 3365 of PricewaterhouseCoopers ABAS Limited as the Company's auditor for the year 2001, 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 auditors, 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 2001 totaling Baht 1,442,500. Agenda 7 Unanimously approved to amend the company's articles of association of Clause 54 concerning connected transaction and the requisition and disposal of assets, according to Notifications of the SEC by adding the following provisions:"Article 54 When the Company or any of its subsidiaries decide to enter into a connected transaction, or the acquisition and disposal of their assets according to the regulated notification of the Stock Exchange of Thailand concerning connected transactions, or the acquisition and disposal of assets of listed companies, the Company shall perform in accordance with rules and procedures of such notification. This Articles will be in effected as long as the Company obliges to perform in accordance with the rules and regulation of the Stock Exchange of Thailand." Sincerely, Sitti Leelakasamelerk Director