SET Announcements

March 25, 2002 To: President The Stock Exchange of Thailand Re : Report on the Resolutions of the Board of Directors Meeting No. 3/2002 and Omission of Annual Dividend Payment. Noble Development Public Company Limited (the Company) would like to inform you that the Board of Directors Meeting No. 3/2002 held on March 25, 2002 passed the resolutions as follows: 1. Unanimously approved to omit annual dividend payment and not to allocate the Company's net profit for the year 2001 to legal reserve fund since the company has deficit in retained earnings. 2. Unanimously approved to close the register of shareholders on April 9, 2002 at 12.00 am. until the annual general shareholders meeting for the year 2002 is ended. The annual general shareholders meeting will be held on April 29, 2002 at 10.00 am. at Hotel Plaza Athenee, the Atheneum Room 4-5, 6th Fl., Wireless Road, Pathumwan, Bangkok, to certify and /or approve the following matters; Agenda 1 Consideration and certifying the minute of the extraordinary shareholders' Meeting No. 1/2002 held on March 14, 2002. Agenda 2 Consideration and acknowledgment the Company's operating performance for the year 2001. Agenda 3 Consideration and approval the company's audited balance sheet and profit and loss statements as of December 31,2001. Agenda 4 Consideration and approval of the omission of the annual dividend payment and of the allocation of the company's net profit for the year 2001 to legal reserve fund. Agenda 5 Consideration and election of the company's directors to replace the directors who will retire and approval the directors' remuneration for the year 2002. Agenda 6 Consideration and appointment of the company's auditor and audit fees for the year 2002. Agenda 7 Other matters (if any). Please be informed accordingly. Sincerely, Sitti Leelakasamelerk Director