2 July 2008 Hong Kong

ANNOUNCEMENT IN-PRINCIPLE APPROVAL FOR THE LISTING AND QUOTATION OF 28,500,000 NEW ORDINARY SHARES ("NEW SHARES") OF HK$0.25 IN THE CAPITAL OF NOBLE GROUP LIMITED (THE "COMPANY") AS PART REMUNERATION TO CERTAIN EXECUTIVE DIRECTORS AND SELECTED STAFF

The Board of Directors of the Company is pleased to announce that the Singapore Exchange Securities Trading Limited (the "SGX-ST") has on 2 July 2008 given its in-principle approval ("Approval") for the listing and quotation of 28,500,000 new ordinary shares of HK$0.25 each in the capital of the Company to certain Executive Directors and selected staff of the Company in lieu of part of their bonuses payable to them in respect of the financial year ended 31 December 2007, as follows:

1. up to 10,000,000 New Shares to be issued to the Company's Chief Executive Officer and Executive Director, Mr Richard Samuel Elman;
   
   
2. up to 6,007,132 New Shares to be issued to the Company's Executive Director, Mr Harindarpal Singh Banga; and
   
   
3. the remainder of the New Shares to be issued for the benefit of certain selected staff of the Company (the "Selected Staff").

The issue of the New Shares to the Selected Staff will be made pursuant to the general share issue mandate passed at the Annual General Meeting held on 30 April 2008, and no further approval from Shareholders will be sought in this regard.

The issue of the New Shares to Mr Elman and Mr Banga is subject to shareholders' approval at a Special General Meeting ("SGM"). A circular to convene the SGM will be dispatched to all shareholders' in due course.

The SGX-ST's in-principle approval is not to be taken as an indication of the merits of the Company, its subsidiaries, and/or the New Shares.

By order of the Board

Lisa Yim
Secretary

2 July 2008

About Noble Group

Noble Group (SGX: NOBL) is a market leader in managing the global supply chain of agricultural, industrial and energy products. We operate from over 100 offices in more than 40 countries, serving 4000+ customers. Noble manages a diversified portfolio of essential raw materials, integrating the sourcing, marketing, processing, financing and transportation.

With annual revenues exceeding US$20 billion, Noble continues its transition to owning and managing more strategic assets, sourcing from low cost producers such as Brazil, Australia and Indonesia and supplying to high growth demand markets including China, India and the Middle East. Today Noble owns coal and iron ore mines, grain crushing facilities, sugar and ethanol plants, vessels, ports and other infrastructure to ensure high quality products are delivered in the most efficient and timely manner to its customers.

Noble recently appeared on the Forbes Global 2000 and Forbes Fab 50 while being named to the S&P Global Challengers and The Asset's Best 60 Corporate Governance Award. Noble also received the Corporate Governance Recognition Award: Classes Of 2006 and 2007 - by Corporate Governance Asia and was chosen as one of FinanceAsia's Best Companies. In 2008, Noble earned a spot on the new benchmark Straits Times Index (STI) and received a BBB- rating (investment grade) from Fitch. In 2005, Noble joined the MSCI Singapore Index. During this period, the Group was recognized as one of BusinessWeek's Stars of Asia and a Best Employer by Hewitt Associates. Noble ranked #1 on The Forbes Global 2000 - Total Return during the five-year period 2001 - 2005.

For further details please contact:

Mr. Stephen Brown
Noble Group Limited
Tel: +852 2250 2060
Fax: +852 2861 0018
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Mr. Brad Smolar
Smolar Limited
Tel: +852 2522 0268
Fax: +852 2573 2473
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