Press Statement: SIAS Meeting with Noble’s Senior Management

Date: March 1, 2016

SIAS has studied media and analysts’ coverage following Iceberg’s fourth report and met with Noble’s senior management today, and has determined that the allegations raised by the latest Iceberg blog report should be of no concern to shareholders. SIAS also noted that the Iceberg report had no discernible impact on Noble’s share price and also that the day after the report and Noble’s announcement of its FY2015 results, Noble’s share price rose 6%, demonstrating return in investor confidence. Noble has expressed its willingness to continue to engage with SIAS on a regular basis as part of the company’s outreach to retail investors. SIAS also cautions investors not to accept reports by unregistered and unregulated writers and bloggers.

David Gerald
President & CEO
Securities Investors Association (Singapore)