NOBLE GROUP LIMITED (Incorporated in Bermuda with limited liability)

UPDATE ON BOARD OF DIRECTORS

The Board of Directors of Noble Group (“Noble” or “Company”) is pleased to announce the updated composition of the Board following the appointment of Mr. Yu Xubo (Patrick) as a Non- executive Director of the Company with effect from 24 June 2015.

The Board now comprises 13 Directors, including 9 Independent Non-executive Directors, whose objective judgment on corporate affairs and collective experience is valuable to the Group. The Board is of the view that its size is appropriate, taking into account the nature and scope of operations of the Group.

The Directors as a group provide core competencies such as accounting or finance, business or management experience, industry knowledge, strategic planning experience and customer-based experience or knowledge. The Non-executive Directors’ role, amongst others, is to constructively challenge and help develop proposals on strategy, review the performance of management in meeting agreed goals and objectives, and monitor the reporting of performance.

Richard Elman, Chairman of Noble Group, said, “I truly believe that the Board of Noble Group is among the strongest in Asia. Our Board members are leaders in their fields, and bring impeccable credentials across commodities, trading, banking and accountancy. The Company benefits immensely from their varied experience and insights.”

The list of current directors of Noble Group Limited (the “Company”) is set out below:

Executive Directors Appointment Past/Current Positions Date Richard Elman 6 April 1994  Chairman of the Company  ex-Board Director of Phibro William James Randall 6 February 2012  Executive Director and President of the Company Yusuf Alireza 16 April 2012  CEO and Executive Director of the Company  ex-Co-President of Asia (ex Japan) of Goldman Sachs

Non-executive Appointment Past/Current Positions Directors Date Yu Xubo (Patrick) 24 June 2015  President of COFCO Corporation

Independent Non- Appointment Past/Current Positions executive Directors Date Robert Chan 16 August 1996  ex-CEO of United Overseas Bank, Hong Kong Ambassador Burton Levin 16 August 1996  38 years of diplomatic service for the US in Asia Alan Smith 22 March 2002  ex-Vice Chairman – Pacific Region of Credit Suisse First Boston Iain Bruce 9 April 2002  ex-Chairman of KPMG Asia Pacific David Eldon 1 January 2007  ex-Chairman of HSBC Irene Lee 1 March 2012  Executive Chairman of Hysan Development Company Limited Richard Margolis 20 June 2013  ex-Regional Director, North East Asia, Rolls Royce Christopher Pratt 3 June 2014  ex-Executive Chairman of Swire Pacific Limited Paul Brough 6 May 2015  ex-Senior Partner of KPMG, Hong Kong

For more details, please refer to their Biographies below, or in our Annual Report which is available at www.thisisnoble.com/ar2014

NOBLE GROUP LIMITED

24 June 2015

About Noble Group Noble Group (SGX: N21) manages a portfolio of global supply chains covering a range of industrial and energy products, as well as having a 49% interest in Noble Agri, its agricultural partnership with COFCO. Operating from over 60 locations and employing more than 40 nationalities, Noble facilitates the marketing, processing, financing and transportation of essential raw materials. Sourcing bulk commodities from low cost regions such as South America, South Africa, Australia and Indonesia, the Group supplies high growth demand markets, particularly in Asia and the Middle East. We are ranked number 76 in the 2014 Fortune Global 500. For more information please visit www.thisisnoble.com.

For further details please contact:

Asia Europe/US Australia Mr. Mark Worthington Ms. Candice Adam Mr. Martin Debelle Bell Pottinger Argentus PR Citadel Tel: +65 6333 3449 Tel: +44 20 7397 2915 Tel: +61 2 9290 3033 Email: [email protected] Email: [email protected] Email: [email protected]

Directors’ Biographies

Richard Samuel Elman Chairman and Executive Director Mr. Elman was first appointed as a Director of the Company on 6 April 1994 and was last re- elected at the Annual General meeting on 30 April 2013.

Mr. Elman is the founder and Chairman of the Company. He first arrived in Asia during the mid- 1960s from England and has more than 50 years experience in the physical commodities industry. Prior to setting up the group in 1986, he spent 10 years with Phibro as Regional Director of their Asia operations, including two years in New York as a Board Director.

Yusuf Alireza Chief Executive Officer and Executive Director Mr. Alireza was first appointed as a Director of the Company on 16 April 2012 and was last re- elected at the Annual General Meeting on 16 April 2014.

Prior to joining Noble, Mr. Alireza was Co-President of Asia (ex Japan) for Goldman Sachs and a member of that firm’s Global Management Committee. He joined Goldman in 1992 in New York, moved to London in 1997 where his last position was Head of EMEA sales and structuring efforts. In mid 2008 he moved to Hong Kong to lead Goldman’s Asia Pacific securities division. Mr. Alireza also serves on the Global Board of Room to Read. Mr. Alireza has a joint undergraduate and graduate degree from Georgetown University’s School of Foreign Service.

William James Randall Executive Director and President Mr. Randall was first appointed as a Director of the Company on 6 February 2012 and was last re- elected at the Annual General Meeting on 16 April 2014.

Mr. Randall's career started with Noble Group in Australia in February 1997, transferring to Asia in 1999 where he established Noble's coal operations, mining and supply chain management businesses. He served as a Director of Noble Energy Inc before being appointed Global Head of Coal & Coke in 2006, and a member of the Noble Group internal management Board in 2008. He was appointed an Executive Director and Head of Hard Commodities in 2012, prior to which he was Head of Energy Coal & Carbon Complex. He holds a Bachelor degree in Business from the

Australian Catholic University, majoring in international marketing and finance.

David Gordon Eldon Lead Independent Director Mr. Eldon was first appointed as a Director of the Company on 1 January 2007 and was last re- elected at the Annual General Meeting on 30 April 2013.

Mr. Eldon retired as Chairman of The Hongkong and Shanghai Banking Corporation Limited, and as a main Board Director of HSBC Holdings plc, in 2005 after 37 years with the HSBC Group, all of which were spent in the Middle and Far East. He is currently Non-Executive Chairman of HSBC Bank Middle East Limited, of HSBC Bank Oman S.A.O.G., and Chair of HSBC’s Global Commercial Banking Risk Committee. He was previously Non-Executive Chairman of the Dubai International Financial Centre Authority ("DIFCA"), and is presently a member of the DIFCA Higher Board. He is a Past Chairman of the Hong Kong General Chamber of Commerce. Mr. Eldon was a Consultant for the Korea National Competitiveness Council - Office of the President, as well as being a Founding Member and Past Chairman of the Seoul International Business Advisory Council. He is Chairman of the Advisory Board of Asiya Investments, a Middle East based investment house operating in Asia, and Adviser to Singapore based Southern Capital Group and Hong Kong based New Lily International Ltd., as well sitting on the Advisory Board of Alexander Proudfoot. In addition he has a number of Government and community appointments in Hong Kong and overseas. Mr. Eldon is a Fellow of the Chartered Institute of Bankers, and was conferred an Honorary Doctor of Business Administration by the City University of Hong Kong in November 2003. He was named the DHL/SCMP Hong Kong Business Person of the Year for 2003, and in 2004 was awarded the by the Government of the Hong Kong SAR. In 2005 he was made a Commander of the Order of the British Empire for his contribution to banking, and awarded Honorary Citizenship of Seoul in recognition of his work for the city. He was awarded the Asian Banker Lifetime Achievement Award in 2006, and received an Honorary Doctorate from the Hong Kong Academy for Performing Arts in 2011. Mr. Eldon is a Justice of the Peace.

Iain Ferguson Bruce Independent Non-Executive Director Mr. Bruce was first appointed as a Director of the Company on 9 April 2002 and, was last re- elected at the Annual General Meeting on 16 April 2014.

Mr. Bruce joined KPMG in Hong Kong in 1964 and was elected to its partnership in 1971. He was

the Senior Partner of KPMG from 1991 until his retirement in 1996 and served as Chairman of KPMG Asia Pacific from 1993 to 1997. Since 1964, Mr. Bruce has been a member of the Institute of Chartered Accountants of Scotland, and is a fellow of the Hong Kong Institute of Certified Public Accountants, with over 50 years international experience in accounting and consulting. He is a fellow of the Hong Kong Institute of Directors and the Hong Kong Securities and Investment Institute. Mr. Bruce serves as an Independent Non-Executive Director on the Boards of several publicly listed companies in Hong Kong, namely Goodbaby International Holdings Limited, Louis XIII Holdings Limited (formerly known as Paul Y. Engineering Group Limited), Sands China Limited, Tencent Holdings Limited and Wing On Company International Limited. He is also an Independent Non-Executive Director of Yingli Green Energy Holding Company Limited, a company whose shares are traded on the New York Stock Exchange. He is an Independent Non- Executive Director of Citibank (Hong Kong) Limited and MSIG Insurance (Hong Kong) Limited, and is the Chairman of KCS Limited.

Robert Tze Leung Chan Independent Non-Executive Director Mr. Chan was first appointed as a Director of the Company on 16 August 1996 and was last re- elected at the Annual General Meeting on 17 April 2015.

Mr. Chan is an experienced banker with 39 years experience in both commercial and investment banking having worked in London, Malaysia and Singapore. He retired from United Overseas Bank at the end of 2011 after 35 years of service, 25 years of which he was the Chief Executive Officer of United Overseas Bank, Hong Kong. He is an Independent Non-Executive Director of Hutchison Port Holdings Management Pte Limited, Quam Limited and Sibanye Gold Limited. He is Chairman and Non-Executive Director of The Hour Glass (HK) Limited, and a Senior Adviser to Long March Capital Limited, a fund management company based in Beijing and Shanghai in partnership with leading Chinese institutions including the CITIC Group. He is also a Director of Dalton Foundation Limited. He holds degrees in Bachelor of Science (Econ) Hons and Master of Business Administration, and is a Fellow of the Hong Kong Institute of Directors.

Irene Yun Lien Lee Independent Non-Executive Director Ms. Lee was first appointed as a Director of the Company on 1 March 2012 and was last re-elected at the Annual General Meeting on 17 April 2015.

Ms. Lee is the Executive Chairman of Hysan Development Company Limited, an Independent Non-Executive Director of Cathay Pacific Airways Limited, CLP Holdings Limited and Limited (all listed on the Hong Kong Stock Exchange); and is an Independent Non-Executive Director of The Hong Kong and Shanghai Banking Corporation Limited. She has held senior positions with a number of global financial institutions involved in investment banking and funds management over the past thirty years. She has been an Executive Director of Citicorp Investment Bank Limited in New York, London and Sydney; and Head of Corporate Finance at Commonwealth Bank of Australia and Chief Executive Officer of Sealcorp Holdings Limited, both based in Sydney. She also served as a member of the Australian Government Takeovers Panel and numerous listed and unlisted companies in Australia. Ms. Lee holds a Bachelor of Arts Degree from Smith College, United States of America, and is a Barrister-at-Law in England and Wales and a member of the Honourable Society of Gray’s Inn, United Kingdom.

Ambassador Burton Levin Independent Non-Executive Director Ambassador Levin was first appointed as a Director of the Company on 16 August 1996 and was last re-elected at the Annual General Meeting on 16 April 2014.

Ambassador Levin has more than 38 years experience in the diplomatic service for the United States of America in Asia. Ambassador Levin is an advisor to Sit Investment Associates and also the Chairman Emeritus of the Hopkins-Nanjing center. He holds a Bachelor of Arts degree from Brooklyn College and a Master of International Affairs degree from Columbia University, the United States of America.

Richard Paul Margolis Independent Non-Executive Director Mr. Margolis was first appointed as a Director of the Company on 20 June 2013 and was last re- elected at the Annual General Meeting on 16 April 2014.

Mr. Margolis is a former diplomat, investment banker and businessman with more than 30 years’ experience in Greater China. He currently holds senior advisory roles with the Holdingham Group, Rothschild (Investment Bank) and Milestone Capital. Subsequent to his diplomatic service with the Foreign and Commonwealth Office in London, Beijing, Paris and Hong Kong, Mr. Margolis pursued a private sector career in Hong Kong. He was Managing Director, Corporate Finance at Smith New Court Far East, and Head of Strategy and Planning for Asia Pacific at Merrill Lynch.

Mr. Margolis served on the boards of China Oilfield Services, Hsin Chong Construction (both listed on the Hong Kong Stock Exchange) and Bank of China International Investment Management Company; and was a member of the Hong Kong Stock Exchange Listing Committee and the Hong Kong Securities and Futures Commission Advisory Committee. From 2003 to 2011, he was the Regional Director, North East Asia for Rolls-Royce. Mr. Margolis was awarded the CBE (Commander of the Order of the British Empire) in 2011 for services to British business in China.

Christopher Dale Pratt Independent Non-Executive Director Mr. Pratt was first appointed as a Director of the Company on 3 June 2014 and was last re-elected at the Annual General Meeting on 17 April 2015.

Mr. Pratt was the Executive Chairman of Swire Pacific Ltd from February 2006 until his retirement in March 2014. He was also Chairman of Cathay Pacific Airways Limited, Hong Kong Aircraft Engineering Company Limited, John Swire & Sons (H.K.) Limited and Swire Properties Limited, and a Director of Swire Beverages Limited, Air China Limited and The Hongkong and Shanghai Banking Corporation Limited. He joined the Swire group in 1978 and has worked with the group in Hong Kong, Australia and Papua New Guinea. Mr. Pratt was awarded the CBE (Commander of the Order of the British Empire) in 2000 for Services to the Community in Papua New Guinea. Mr. Pratt is an Independent Non-Executive Director of Johnson Electric Holdings Limited, PureCircle Limited and the Grosvenor Group.

Alan Howard Smith Independent Non-Executive Director Mr. Smith was first appointed as a Director of the Company on 22 March 2002 and was last re- elected at the Annual General Meeting on 30 April 2013.

Mr. Smith was the Vice Chairman — Pacific Region of Credit Suisse First Boston, Hong Kong ("CSFB") from 1997 until he retired in 2001. Before joining CSFB, he was the Chairman from 1994 to 1996 and Managing Director from 1983 to 1994 of the Jardine Fleming Group, which he joined in 1972. He graduated with an LLB (Hons) degree from Bristol University in 1964, and was admitted as a Solicitor in England in 1967, and in Hong Kong in 1970. Mr. Smith is a Director of Genting Hong Kong Limited, Guangdong Land Holdings Limited (formerly known as Kingway Brewery Holdings Limited) and Wheelock and Company Limited. He was Asian Finance Banker of the Year and was twice elected to the Council of the Stock Exchange of Hong Kong.

Paul Jeremy Brough Independent Non-Executive Director Mr. Brough was appointed as a Director of the Company on 6 May 2015.

Mr. Brough is an Independent Non-Executive Director of GuocoLeisure Limited (listed on the Singapore Stock Exchange); and a Non-Executive Director of Habib Bank Zurich (Hong Kong) Limited, a Hong Kong restricted licence bank. He stepped down as the Chairman and CEO of Emerald Plantation Holdings Limited (“EPHL”) on 1 April 2015 and resigned from the EPHL Board on 15 April 2015; and was an Executive Director and Interim CEO of Greenheart Group Limited (listed on the Hong Kong Stock Exchange) until he was re-designated as a Non-Executive Director of the company effective 2 April 2015. Mr. Brough came to Hong Kong in 1983 to join KPMG, where he became a Partner in 1991, and later became the Senior Partner of Hong Kong. He retired from KPMG in 2012. Mr. Brough is an associate of the Institute of Chartered Accountants in England and Wales, the Hong Kong Institute of Certified Public Accountants and the Hong Kong Securities and Investment Institute.

Mr Yu Xubo (Patrick) Non-Executive Director Mr Yu was appointed as a Director of the Company on 24 June 2015.

Mr. Yu has been the President of COFCO Corporation (“COFCO”) since 2007, and he is also the Chairman & Non-executive Director of China Agri-Industries Holdings Limited (stock code: 0606 HK), Chairman & Non-executive Director of China Foods Limited (stock code: 0506 HK), Vice- Chairman and Non-executive Director of China Mengniu Dairy Company Limited (stock code: 2319 HK), Chairman and Non-executive Director of China Modern Dairy Holdings Ltd. (stock code:1117 HK). He joined COFCO’s agri-commodity import and export department in 1988 and started COFCO’s commodity futures business in 1992 after working in the Chicago-based joint venture between COFCO and the Continental Grain Company. He has been the General Manager and Chairman of COFCO Futures, Director of Dalian Commodity Exchange, Member of China Futures Association, Executive Member of China Grain Association, and Chief Director of China Animal & Plant Inspection & Quarantine Board. Mr. Yu obtained a degree of Executive Master of Business Administration from China Europe International Business School, and a Bachelor’s degree in economics from University of International Business & Economics, China.