ข่าวแจ้งตลาดหลักทรัพย์ฯ

February 26, 2004 To: President The Stock Exchange of Thailand Re: Declaration of the performance of Noble Development Public Company Limited and its subsidiaries According to the performance of Noble Development Public Company Limited and its subsidiaries for the year ended December 31, 2003 reported net profit of 747.19 MB, increased by 181.8 percent comparing to 265.18 MB net profit in the year 2002, the Company would like to clarify that the change of the performance more than 20% compared to the previous year was mainly due to 1. The Company recorded revenue from sales in the year 2003 totaling 3,087.22 MB, increased by 194.2 percent comparing to 1,049.45 MB for the year 2002. The increase in revenue from sales was due to the success in sales performance. In the year 2003, the company launched 6 new projects with total project value totaling 5,700 MB. Revenue from sales in the forth quarter equal to 1,016.41 MB, increased by 264.92 MB or 35.3 percent comparing to the third quarter. 2. The Company's gross profit margin and net profit margin for the year 2003 equal to 32.1 percent and 24.2 percent, respectively. The net profit before gain from sale of investment in subsidiaries equal to 23.5 percent, increased from 22.4 percent in the year 2002. 3. The Company recorded selling and administrative expense in the year 2003 totaling 297.41 MB, equal to 9.6 percent of its revenue from sales, comparing to 14.5 percent in the year 2002. 4. In the year 2003, the Company's interest expense decreased from 39.48 MB in the year 2002 to 26.30 MB, decreased by 33.4 percent. Interest expense in this year equal to 0.9 percent of revenue from sales, comparing to 3.8 percent in the year 2002. Please be informed. Sincerely, Sitti Leelakasamelerk Director