In an interview with a Norwegian newspaper, committee members said they regretted that Mr Peres' prize could not be recalled because, as a member of the Israeli cabinet, he had not acted to prevent Israel's re-occupation of Palestinian territory.
One member said Mr Peres had not lived up to the ideals he expressed when he accepted the prize.
"What is happening today in Palestine is grotesque and unbelievable," said Hanna Kvanmo.
"Peres is responsible, as part of the government. He has expressed his agreement with what [Israeli Prime Minister Ariel] Sharon is doing," she said.
"If he had not agreed with Sharon, then he would have withdrawn from the government."