SET Announcements

February 24, 2010 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 year ended December 31, 2009 reported net profit of Baht 464.24 million, changed more than 20 percent compared to Baht 348.67 million of net profit for the previous year. The Company would like to clarify that the change of the performance is mainly due to 1. In 2009, the Company recorded revenue from real estate development business of Baht 2,733.81 million, increasing by Baht 420.74 million or 18.2 percent comparing to the previous year. The increase of revenue was resulted from the successive sales of Low Rise and Condominium Project and construction progress of Condominium Projects. In addition, at the end of the year 2009, the Company has unrealized sale (backlog) with approximately of Baht 3,700 million. 2. Total expenses for the year 2009 were Baht 440.06 million, which equivalent to 15.7 percent of revenue from sales and revenue from rental and services, which decreased from 18.3 percent in 2008. 3. In 2009, the Company's net profit margin was 16.6 percent, which increased from 14.8 percent in 2008. Please be informed accordingly. Sincerely, Sitti Leelakasamelerk Director Authorized to sign on behalf of the Company