Reorganization and Appointment of Executive

13 November 2006
November 10, 2006 To: President The Stock Exchange of Thailand Re: Reorganization and Appointment of Executive Noble Development Public Company Limited (the Company) would like to inform you that the Board of Directors' meeting No 11/2549 held on November 2, 2006 unanimously resolved to appoint Mr. Kitti Thanakitamnuay as a Chief Executive Officer and Mr. Thongchai Busrapan as a President, effective on November 2, 2006. Please be informed accordingly. Sincerely, Thongchai Busrapan President Authorized to sign on behalf of the Company