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Noble Investments (UK) Plc

(the "Company")

Directors dealings

The Company has been notified today of the following exercises of existing options (the "Existing Options") over ordinary shares of 1p each (the "Ordinary Shares") by directors (and certain employees) of the Company on 5 November 2009 at an exercise price of 58p. The majority of these new shares have subsequently been sold to the Company's newly formed Employee Benefit Trust (the "Trust"), such shares to be held for the benefit of future exercises of options under the Company's option schemes: 

Name	Number of Ordinary Shares Exercised	Number of Ordinary Shares Sold	Price At Which Shares Sold - Pence	Subsequent Total Beneficial Interest	% Voting Rights
IG Goldbart	195,000	195,000	102.5	1,649,602	10.01
DG Loulakakis	35,000	35,000	102.5	166,219	1.01
SJ Freeman	80,000	79,000	102.5	1,000	0.01
JHJ Allen	75,000	75,000	102.5	336,498	2.04
AHE Baldwin	150,000	150,000	102.5	258,621	1.57
RK McDonald	50,000	50,000	102.5	818,955	4.97
SJ Mollekin	-	37,500	102.5	30,092	0.18

The Company will satisfy the exercise of the Existing Options through the issue of 720,000 new Ordinary Shares, including those detailed in the table above. The new Ordinary Shares issued will be admitted to trading on AIM under the Company's blocklisting and will increase the Company's issued share capital to 16,485,894 shares. 

The Trust has acquired 719,000 of the Shares referred to above in addition to 37,500 Shares remaining from the exercise of a director's (SJ Mollekin) option in 2008, each at a price of 102.5 per Ordinary Share. Following these transactions, the Trust now holds 756,500 Ordinary Shares which represents 4.59% of the current issued share capital. The Trust has been established by the Company to enable the incentivisation and reward of directors and employees through the issue of share options over the Company's shares held by the Trust. 

In addition, the Company has today issued a further 630,000 options (the "New Options") over Ordinary Shares to directors (and certain employees) at an exercise price of 103p and which are exercisable between November 2011 and November 2014 and are subject to the achievement of certain performance criteria.

Details of the grant of New Options to the directors are set out below:

Name	Number of Ordinary Shares under Option
IG Goldbart	95,000
DG Loulakakis	17,500
SJ Freeman	50,000
JHJ Allen	37,500
AHE Baldwin	65,000
RK McDonald	25,000
SJ Mollekin	25,000
E Dunnoos	25,000

For the purpose of the Financial Services Authority's Disclosure and Transparency Rules, the Company's total issued share capital at the date of this notice consists of 16,485,894 Ordinary Shares of 1 pence each, with one voting right per share. There are no shares held in treasury. 

The total number of voting rights in the Company is therefore 16,485,894. 

The above figure of 16,485,894 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest in, the Company, under the Disclosure and Transparency Rules. 

For further information, please contact:

Noble Investments (UK) Plc	+44 (0)20 7930 6879
Ian Goldbart/Denis O'Leary
Collins Stewart Europe Limited	+44 (0)20 7523 8350
Adrian Hadden/Stewart Wallace

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