NOBLE CONCLUDES RECORD US$1.55 BILLION GUARANTEE FACILITY

Createweakth8888:

26 banks lining up eagerly to lend Noble a total of US$1.55B

What does it mean? Banks are not scare to lend out so much money.

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Noble Group Limited (the “Company”), one of the world’s largest raw material suppliers, is pleased to announce that it has renewed, extended and upsized its existing US$800,000,000 committed guarantee facility originally concluded in May 2009. The size of the facility has been increased to US$1,550,000,000 (the “Facility”) from the targeted level of US$1,200,000,000 due to exceptional bank demand and oversubscription.

The Facility was arranged by 9 mandated lead arrangers and bookrunners, including China Development Bank Corporation, Hong Kong Branch, Citigroup Global Markets Asia Limited, Commerzbank Aktiengesellschaft, Hong Kong Branch, Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (trading as Rabobank International), DBS Bank Ltd., ING Bank N.V., The Royal Bank of Scotland plc, Hong Kong Branch, Société Générale and Standard Chartered Bank (Hong Kong) Limited.

A total of 26 banks committed in the general syndication, including Arab Bank plc, Singapore Branch, Axis Bank Limited, Hong Kong Branch, Banco Santander, S.A., Hong Kong Branch, Bank of America, N.A., Bank of Taiwan, Hong Kong Branch, China Development Bank Corporation, Hong Kong Branch, Citibank, N.A., Hong Kong Branch, CITIC Bank International Limited, Commerzbank Aktiengesellschaft, Hong Kong Branch, Commonwealth Bank of Australia, Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (trading as Rabobank International), DBS Bank Ltd., London Branch, First Gulf Bank PJSC, Singapore Branch, Gulf International Bank B.S.C., ICICI Bank Limited, Hong Kong Branch, ING Bank N.V., KBC Bank N.V., Industrial and Commercial Bank of China Limited – Abu Dhabi Branch, Lloyds TSB Bank plc, National Australia Bank Limited ABN 12 004 044 937, Royal Bank of Canada, Société Générale, Standard Chartered Bank (Hong Kong) Limited, The Bank of Tokyo-Mitsubishi UFJ, Ltd., The Hongkong and Shanghai Banking Corporation Limited, Hong Kong Branch and The Royal Bank of Scotland plc, Hong Kong Branch.

The maturity of the Facility is extended to August 2012 and August 2013.

The Facility will be used to support the Company, its subsidiaries and related companies in connection with the issuance of trade and financial instruments, particularly letters of credit and bank guarantees.