Further to the cautionary announcement dated 6 April 2001, the board of
directors of NEI wish to announce that the final purchase price and final
terms of agreement with Alstom South Africa (Proprietary) Limited will now
be published on or about 6 June 2001.
Accordingly, shareholders are advised to continue exercising caution when
dealing in the company's securities until such announcement is made.
Johannesburg
22 May 2001
Corporate advisors and sponsor
KPMG
Legal advisors to NEI
Deneys Reitz
Legal advisors to Alstom
Brink Cohen Le Roux and Roodt Inc
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