In the interests of transparency, the Board of Directors (the "Board�) of Noble Group ("Noble" or "the Company"), in consultation with Noble's senior management, has commissioned a third party review of Mark to Market ("MTM") models and valuations.
Accordingly, the Board has set up an independent Board Committee consisting of four non-executive independent Noble Board members:- Paul Brough (as Chairman), Irene Lee, Richard Margolis, and Christopher Pratt. The Committee in turn has appointed PricewaterhouseCoopers LLP ("PwC") to conduct an assurance review of Noble's MTM models, valuations, and governance framework.
On completion of the PwC's review, the Committee shall report to the Board and a summary of the review will be released.
Noble Group Limited7 July 2015
About Noble GroupNoble 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:
Mr. Mark WorthingtonBell PottingerTel: +65 6333 3449Email: mworthington@bellpottinger.com
Ms. Candice Adam Argentus PRTel: +44 20 7397 2915 Email: candice.adam@argentuspr.com
Mr. Martin DebelleCitadelTel: +61 2 9290 3033 Email:mdebelle@citadelpr.com.au
Noble Group est une société de production minière basée à Hong Kong.