SET Announcements

July 30, 2003 To: President The Stock Exchange of Thailand Re: Report of utilizing proceeds received from the exercise of the warrant (NOBLE-W1) Noble Development Public Company Limited Regarding Noble Development Public Company Limited (the Company) received fund from the exercise of the warrant (NOBLE-W1) total of 182,401,636 shares at 6 Baht per share, total proceeds of 1,094,409,816 Baht, as the Company reported to SET on August 19, 2002. The Company would like to inform you that ended June 30, 2003 the Company had so far fully and completely utilized the proceeds of Baht 1,094.41 million as follows : Assets acquisition 865.97 Million Baht Debt repayment 208.20 Working capital 20.24 Total 1,094.41 Million Baht Please be informed accordingly. Sincerely, (Sitti Leelakasamelerk) Director