SET Announcements

April 29, 2002 To: President The Stock Exchange of Thailand Re: Report on Resolutions of the Annual General Shareholders' Meeting for the Year 2002. Noble Development Public Company Limited (the "Company") would like to inform you that the Annual Shareholders' Meeting held on April 29, 2002 at 10.00 a.m. at Hotel Plaza Athenee, the Athenuem Room, 6th Fl., Wireless Road, Pathumwan, Bangkok passed the resolutions of each agenda as follows: 1. Acknowledged the Company's operating performance for the year 2001. 2. Unanimously approved the Company's audited balance sheet and profit and loss statements as of December 31, 2001. 3. Unanimously approved to omit the annual dividend payment and not to allocate the Company's net profit for the year 2001 to legal reserve fund. 4. Unanimously approved to re-appoint 6 retired directors, Mr. Kitti Thanakitamnuay, Mr. Vicharn Busrawong, Mr. Thongchai Busrapan, Mr. John A. Paterson, Ms. Vasana Thieansirisak and Mr.Narong Taychachaiwong as the Company's directors and fix remuneration of the directors and the Audit Committee for the year 2002 as follows: 1. Directors - totaling 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 5. Unanimously approved to appoint Mr. Boonmee Ngotngamwong Certified Public Accountant (Thailand) No.3673, Mr. Kajornkiet Aroonpirodkul, Certified Public Accountant (Thailand) No.3445 and Mr. Prasit Yuengsrikul, Certified Public Accountant No.4174 of PricewaterhouseCoopers ABAS Limited as the Company's auditor, 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 the audit fees of the Company and its subsidiaries for the year 2002 totaling Baht 1,560,500. Sincerely, Sitti Leelakasamelerk Director