ข่าวแจ้งตลาดหลักทรัพย์ฯ

May 16, 2005 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 three months period ended March 31, 2005 reported net profit of 93.32 MB compared to the same quarter of the previous year, which recorded net profit of 74.23 MB, the Company would like to clarify that the change of the performance more than 20% compared to the previous year is mainly due to 1. In the first quarter of the year 2005, the Company recorded revenue from sales totaling 389.58 MB, increased by 19.6 percent compared to 325.67 MB for the same quarter of the previous year. 2. The Company's gross profit margin for the first quarter of 2005 was 39.2 percent increased from 37.9 percent in the same quarter of last year, and the Company's net profit margin was 24.0 percent increased from 22.8 percent of last year. 3. In the first quarter of the year 2005, selling and administrative expenses decreased by 8.11 MB, or 10.0 percent decrease compare to the same quarter of the previous year. Selling and administrative expenses for the first quarter of this year equal to 18.8 percent of revenue from sales compared to 25.0 percent of last year. 4. Interest expense for the first quarter of 2005 was 5.57 MB increased by 3.78 MB compared to the same quarter of the year 2004. Please be informed. Sincerely, Sitti Leelakasamelerk Director Authorized to sign on behalf of the Company