SET Announcements

November 14, 2005 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 nine months period ended September 30, 2005 reported net profit of Baht 332.99 million, and Baht 159.47 million for the third quarter, increased by 90.8 percent compared to Baht 83.60 million the 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. In the third quarter of 2005, the Company recorded revenues from real estate business of Baht 793.02 million, increased by Baht 324.72 million or 69.3 percent, compared to Baht 468.30 million from the same period of the previous year. 2. Selling and Administrative expenses for the third quarter of 2005 equal to 12.1 percent of revenue from sales, decreased from the previous year which equal to 22.0 percent. 3. The Company's net profit margin before tax and net profit margin was 26.8 and 19.8 percent, respectively, increase from the same quarter of the previous year which recorded net profit margin before tax and net profit margin of 17.9 percent. Please be informed. Yours sincerely, Sitti Leelakasamelerk Director Authorized to sign on behalf of the Company