SET Announcements

August 8, 2008 To: President The Stock Exchange of Thailand Re: Declaration of the Operating Results of Noble Development Public Company Limited and Subsidiaries According to the performance of Noble Development Public Company Limited "the Company" and its subsidiaries for the six months ended June 30, 2008 reported net profit of Baht 152.61 million which Baht 90.94 million was the net profit from the second quarter, changed more than 20 percent compared to Baht 38.09 million of net profit at the same period of the previous year. The Company would like to clarify that the change of the performance is mainly due to 1. The success from sales and progress of construction of Condominium Projects, the Company realized the revenue from real estate development business for the second quarter increased by Baht 159.47 million or 38.6 percent comparing to the same period of the previous year. In addition, the Company has unrealized sale (backlog) approximately of Baht 3,300 million. 2. The gross profit margin from real estate development business was 39.6 percent for the second quarter of the year 2008, compared to 36.8 percent of the year 2007. 3. Selling and administrative expenses for the second quarter of the year 2008 equaled to 16.3 percent of revenue from sales and services, which decreased from 22.6 percent of the year 2007. 4. In the second quarter of the year 2008, the Company's net profit margin before income tax and net profit margin were 23.5 and 15.7 percent respectively, which increased from 14.2 and 8.9 percent of the year 2007. Please be informed accordingly. Sincerely, Sitti Leelakasamelerk Director Authorized to sign on behalf of the Company