REPORT ON THE RESULT OF EXERCISE WARRANTS

03 December 2001
November 30, 2001 Re: Report on the result of the exercise warrants To: President The Stock Exchange of Thailand Noble Development Public Company Limited had announced information regarding exercise of warrants (NOBLE-W1) which the exercise date was November 23, 2001. The Company would like to inform that no warrant holders exercised their rights. Therefore, there are 182,713,026 units of warrants remain. Please be informed. Sincerely, Sitti Leelakasamelerk Director