REPORT ON THE RESULT OF EXERCISE WARRANTS

28 February 2002
February 27, 2002 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 February 25, 2002. 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