ข่าวแจ้งตลาดหลักทรัพย์ฯ

July 30, 1998 Manager The Stock Exchange of Thailand Dear sir: Noble Development Public Company Limited has issued 11 million comon shares and allotted them to general public at Bt16 per share and to officer at Bt12 per share totaling to Bt173 million on May 6-8,1997. The company would like to report spending of proceeds ended June 30,1998, comparing to the previous report dated February 17,1998 as follows: Unit:Million +-------------------+-------------+-----------------+-----------------+ | Objectives | Planned | Previous report | Accumulated | | | Utilization |dated Feb 17,1998|Utilization ended| | |in Prospectus| | Jun 30,1998 | +-------------------+-------------+-----------------+-----------------+ |1. Present projects| | | | | development | 57 | 69 | 111 | |2. Land purchase | | | | | for future | | | | | projects | 57 | -0- | -0- | |3. Loans repayment | 50 | 50 | 50 | |4. Working capital | 9 | 54 | 12 | +-------------------+-------------+-----------------+-----------------+ | | 173 | 173 | 173 | +-------------------+-------------+-----------------+-----------------+ The Company would like to clarify for amount spent obviously different from projected amount. Since the economic crisis, the company decided to adjust its strategies to complete the on-going projects and suspend purchasing land for future projects. Sincerely, Kitti Thanakitamnuay Managing Director