14 August 2007 Hong Kong

Noble Group Announces Record Semi-Annual Revenues/Gross Profits for 6 month period ending 30 June, 2007

Noble Group (SGX: NOBL), a global supply chain manager of agricultural, metals, minerals and ores, and energy products, announced record revenues for the 1st Half 2007. The semi-annual results reflect the highest 6 month revenues and gross profits in the Group’s history.

Chairman David Eldon commented, “The strength of the Group’s diversified business was reflected in the record results of many of the businesses. In addition, the breadth of our 1st half financial performance was further strengthened by our selective capital investments and the continuing build-out of our integrated supply chain strategy.”

Revenue for the 6 months ended 30 June, 2007 were US$10.1 Billion, representing a 64% increase over the revenue level for the 1st Half 2006.

Our commodity related segments: Agriculture, Energy and Metals, Minerals and Ores reported a combined 61% increase in revenues for the 1st Half 2007 led by strong growth in tonnage volume which rose 47%. Gross profits for the commodity related businesses rose 24% in 1st Half 2007 compared to the 1st Half 2006.

In addition, our Logistics segment revenues doubled in 1st Half 2007 with a substantial increase in gross profits reflecting the Chartering division’s increasingly integrated and efficient operations.

Group gross profits were US$333 million, a 68% increase compared to the 1st Half 2006, and represented the highest 6 month gross profit level in the Group’s history.

Noble’s net income for the 1st Half 2007 rose 66% to US$100 million compared to net profits of US$60 million in the 1st Half 2006.

The return on shareholder’s equity was 20.8%. Earnings per share rose to US 4.04 cents per share for the 1st Half 2007 compared to US 2.5 cents per share for the 1st Half 2006.

About Noble Group

Noble Group Limited (SGX: NOBL) is a market leader in managing the global supply chain of agricultural, industrial and energy products. Noble’s diverse product lines and global presence of over 80 offices in 40 countries is managed by a team of 3,000 employees serving more than 4,000 customers.

In 2007, Noble was named to the Forbes Global 2000 and received The Asset’s Best 60 In Corporate Governance Award. In 2006, Noble appeared on the Forbes Fab 50 and S & P Global Challengers as well as selected by Corporate Governance Asia to the Corporate Governance Recognition Awards Class Of 2006 – The Best in Asia. In 2005, Noble earned ratings from Moody’s and Standard & Poor’s and joined the benchmark Straits Times and MSCI indices in Singapore and the FTSE - Hang Seng Index. During this period, the Group was recognized as one of BusinessWeek’s Stars of Asia, FinanceAsia’s Best Companies and a Best Employer by Hewitt Associates. Noble also ranked #1 on The Forbes Global 2000 – Total Return during the five-year period 2001 - 2005. In 2004, Noble Group’s Board of Directors was awarded the Listed Companies (Main Board) Boards Award from The Hong Kong Institute of Directors.

For further details please contact:

Mrs Paula Wearmouth
Noble Group Limited
Tel: +852 2861 4685
Fax: +852 2527 0282
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Mr. Brad Smolar
Smolar Limited
Tel: +852 2522 0268
Fax: +852 2573 2473
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