SET Announcements

August 16, 2004 To: President The Stock Exchange of Thailand Re: Declaration of the performance of Noble Development Public Company Limited and its subsidiaries According to the performance of Noble Development Public Company Limited and its subsidiaries for the six months period ended June 30, 2004 reported net profit of MB 110.90, and MB 36.67 for the second quarter, comparing to MB 146.29 net profit for the same period of the previous year, the Company would like to clarify that the change of the performance more than 20% compared to the previous year is mainly due to 1. The Company recorded revenue from sales for the second quarter of the year 2004 totaling MB 458.76, decreased by 21.1 percent comparing to MB 581.73 for the same quarter of the previous year. Revenue from sales increased from MB 325.66 in the first quarter this year, or increased by 40.9 percent. 2. The Company's gross profit margin for the second quarter of 2004 was 37.5 percent increased from 33.5 percent in the same quarter of year 2003. 3. Selling and administrative expenses increased by MB 84.78, or 146.4 percent, comparing to the same quarter of the previous year. The increase was mainly due to the Company's advertising expenses in order to stimulate sales and create the Company's image in the long run. Please be informed. Sincerely, Sitti Leelakasamelerk Director