REPORT OF UTILIZING RECEIVED FROM THE CAPITAL INCREASE

30 กรกฎาคม 2544
July 27,2001 To: President The Stock Exchange of Thailand Re: Report of utilizing proceeds received from the capital increase Regarding Noble Development Public Company Limited (the Company) issued and sold the 182,713,026 newly issued ordinary shares to the existing shareholders at a price of Baht 1.50 per share which the said newly issue shares was fully subscribed as the Company reported to SET on March 27,2001. The objective of the utilization of the proceeds received from the capital increase is for assets acquisition to expand the business. The Company would like to inform you that as of June 30,2001 the Company has utilized the proceeds of Baht 21 million to acquire the assets to expand the business. Please be informed Sincerely, Kitti Thanakitamnuay