SET Announcements

May 11, 2006 To: President The Stock Exchange of Thailand Re: Notification of the Board of Directors' resolution regarding investment in Subsidiary According to the resolution of the Board of Directors' Meeting No 5/2006 held on May 11, 2006, Noble Development Public Company Limited (the Company) would like to inform you that, to the benefit of business manage ment, the Board of Directors' meeting unanimously resolved to invest in Playground Store Company Limited, the Company's Subsidiary, by purchase 37,500 ordinary shares of Playground Store Company Limited at Baht 53 per share (par value at Baht 100), totaling Baht 1,987,500 from Phenomena Company Limited. The said investment does not meet the rules concerning the acquisition and disposition of assets and connected transaction of listed company. After the said investment, the Company holds 100% of investment in Playground Store Company Limited. Please be informed accordingly. Sincerely, Sitti Leelakasamelerk Director Authorized to sign on behalf of the Company