12 February 2010 Hong Kong

Further to the announcement of 17 December 2009 on strengthening senior management, the Board of Directors of Noble Group is announcing the following change:

The Vice Chairman of the Group, Mr. Harry Banga, has expressed a wish to allow senior management to, over time, assume his responsibilities within Noble’s Steel Complex and Logistics Divisions. Appropriate business leaders have been groomed for this purpose and will shortly be assuming their new responsibilities.

Mr. Banga will continue to be intimately involved in these businesses on a day-to-day basis until June 2010, at which time he will step aside from his executive positions whilst continuing as a main board director of Noble Group.

On behalf of the Board, Executive Chairman Mr. Richard Elman said “We view the interests of our staff, shareholders and financiers as paramount which is why we are making preparations well in advance for the next generation of business leaders at Noble to carry us forwards. Harry is one of the key architects of Noble’s great story so far and of course this marks a significant moment in our ongoing development. Harry will continue as a director to the Board to assure the succession within his Divisions will continue as it should. After transitioning his day-to-day operational responsibilities, Harry will focus on developing new and existing business relationships for Noble.

I would like to personally thank Harry for his invaluable contribution to Noble’s success over the last twenty years.”

About Noble Group:

Noble Group (SGX: N21) is a market leader in managing the global supply chain of agricultural, industrial and energy products. The Group operates 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 2008 annual revenues exceeding US$36 billion, Noble owns and manages an array of strategic assets, sourcing from low cost producers such as Brazil, Argentina, Australia and Indonesia and supplying to high growth demand markets including China, India and the Middle East. Today, Noble has interests in grain crushing facilities, coal and iron ore mines, fuel terminals and storage 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.

In late 2009, Noble Group was honored at the DHL SCMP Hong Kong Business Awards by winning the coveted International Award. During the year, Noble ranked #218 on the Fortune Global 500 and achieved "Investment Grade" ratings (Baa3) from Moody's Investors Service and (BBB-) from Standard & Poor's, complementing its initial "Investment Grade" rating (BBB-) from Fitch the previous year. In addition, Noble appears on the Forbes Global 2000 and Forbes Fab 50 lists of leading companies. Noble Group is among the 30 securities listed on the Straits Times Index.

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 6339 3396
Fax: +852 2573 2473
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