SET Announcements

March 13, 2003 To: President The Stock Exchange of Thailand Re : Report on the Resolutions of the Board of Directors Meeting No. 3/2003 and the Payment of Annual Dividend Noble Development Public Company Limited (the "Company") would like to inform you that the Board of Directors' Meeting No. 3/2003 held on March 13, 2003 passed resolutions as follows: 1. Unanimously approved to pay annual dividend for the year 2002 of Baht 0.15 per share to the shareholders whose names appear on the register of shareholders on April 3, 2003 at 12.00 noon and to allocate 5 percent of the Company's net profit for the year 2002 to the legal reserve fund. The date of dividend payment will be on April 30, 2003. 2. Unanimously approved the issuance and offer for sale of debentures, preliminary details of which are as follows: Type : Unsubordinated and Unsecured, with or without the debenture holders' representative Currency : Baht Issue size : Up to Baht 1,000,000,000 (one thousand million) Tenor : Not more than 5 (five) years Par Value : Baht 1,000 (one thousand) per unit Issue Price : Baht 1,000 (one thousand) per unit Allocation Method : Domestic and/or international offering to the public and/or institutional investors and/or specific investors Coupon rate : Upon the market conditions on the date of issuance and offer for sale of debentures Coupon payment : Every 6 (six) months from the date of issuance of the debentures In addition, the Board of Directors or person(s) authorized by the Board of Directors shall have the authority to determine any condition and other details necessary for and pertinent to the issuance and offer for sale of debentures, such as the determination of the name, number, type, total amount,interest rate, allocation method, details of offering for sale, right of early redemption, etc., including to arrange for the registration of such debentures in the Thai Bond Dealing Centre or any other secondary markets as well as to seek approval from the relevant authorities and take any actions necessary for and pertinent to the issuance of the debentures. 3. Unanimously approved closing the register of shareholders, for identifying the shareholders who have the right to receive annual dividends and attend the 2003 annual general shareholders meeting, on April 3, 2003, at 12.00 am. until the adjournment of the 2003 annual general shareholders meeting.The annual general shareholders meeting will be held on April 23, 2003 at 10.00 am. at Hotel Plaza Athenee, Salon Athenee Room, Basement Floor, Wireless Road, Pathumwan, Bangkok, to certify and /or approve the following matters: Agenda 1 Consideration and certification of the minutes of the Extraordinary Shareholders'Meeting No. 2/2002. Agenda 2 Consideration and acknowledgment of the Company's operating performance forthe year 2002. Agenda 3 Consideration and approval the Company's audited balance sheet and profit and loss statements for the fiscal year ended December 31, 2002. Agenda 4 Consideration and approval of the annual dividend payment and the allocation of 5 percent of the Company's net profit for the year 2002 to legal reserve fund. Agenda 5 Consideration and election of the Company's directors to replace the directors who will retire and approval of the directors' remuneration for the year 2003. Agenda 6 Consideration and appointment of the Company's auditor and audit fees for the year 2003. Agenda 7 Consideration and approval of the issuance and offer for sale of Unsubordinated and Unsecured Debentures with the issue size up to Baht 1,000,000,000 (one thousand million). Agenda 8 Other matters (if any). Please be informed accordingly. Sincerely, Sitti Leelakasamelerk Director