Declaration of the news regarding capital increase

19 March 2004
March 18, 2004 To: President The Stock Exchange of Thailand Re: Declaration of the news regarding capital increase of the Company Regarding the capital increase rumor posted in website, Noble Development Public Company Limited (the "Company") would like to clarify that it is merely a rumor without any fact. The Company has strong financial status then there is no necessity to increase the capital. Please be informed accordingly. Sincerely, _________________________ Sitti Leelakasamelerk Director