NOBLE GROUP DELIVERS BEST EVER FULL YEARS RESULTS.

(Full text of a statement. Contact details below.)

HONG KONG, Feb. 28 /PRNewswire Asia-AsiaNet/ -- Singapore listed Noble Group Limited (NOBL) reported that revenues increased 51 per cent and profits jumped 234 per cent over FY1999, a record for the group.

Richard S Elman, Chairman of the Noble Group says, "It is gratifying to be able to report results such as this. While a recovery in demand in Asia and other economies provide good business conditions for us, Noble benefited as well from steps taken during the Asian crisis to grow and expand our business, both within Asia and around the world. Today, approximately 60 per cent of our revenues comes from outside Asia, a notable increase from 47 per cent in 1999."

At year-end 2000, the group had cash balances of over US$80 million, while NAV increased to a record US$113 Million, or US$0.51 per share. For FY 2000, Noble returned 22 per cent on its shareholders capital. In light of the group's performance, the Board of Directors is pleased to recommend the payment of a cash ividend of US$0.025 per share, and in addition will recommend the issuance of one new bonus share for every four shares held as appreciation to shareholders.

During 2000, the group expanded into several business areas:

* A 900,000 ton per annum Iso-Octane project in Saudi Arabia through subsidiary Noble Americas Corp. with Alujain Corporation, a Saudi joint stock company. The project is expected to come online in 1H2004.

* A worldwide sugar-trading unit, Noble Sugar, focussing on both raw and