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Wed 21 Aug 2002, 0:00 Nei - Liquidation Dividend
NEI - LIQUIDATION DIVIDEND                                                      
NORTHERN ENGINEERING INDUSTRIES AFRICA LIMITED                                  
(in liquidation)                                                                
(Incorporated in the Republic of South Africa)                                  
(Registration number 1978/001240/06)                                            
Share code : NEI ISIN ZAE000004891                                              
("NEI")                                                                         
Liquidation Dividend and                                                        
Delisting of NEI Shares on the JSE Securities Exchange, South Africa            
Shareholders of NEI are referred to the SENS announcement dated 5 March 2002 and
are hereby notified that a further advance liquidation dividend of 500 cents per
NEI share will be paid to them on or about Thursday, 29 August 2002.            
This dividend will bring the total advance liquidation dividend paid to date to 
1100 cents per NEI share, being the amount indicated (as the approximate        
liquidation dividend which shareholders would receive) in the circular to       
shareholders dated 22 June 2001.                                                
Outstanding claims are being settled or otherwise resolved. As soon as all      
claims have been settled or resolved, any remaining surplus will be distributed 
to shareholders, subject to the confirmation of the Master of the High Court.   
Immediately following payment of the final liquidation dividend, application    
will be made to the JSE Securities Exchange South Africa ("JSE") for the        
delisting of the NEI shares from the JSE.                                       
The Liquidator                                                                  
c/o KPMG Administrators (Pty) Ltd                                               
Parktown                                                                        
21 August 2002                                                                  
Sponsor                Liquidator                   Legal Advisors              
KPMG Services (Pty)    KPMG Administrators (Pty)    Deneys Reitz                
Ltd                    Ltd                                                      
Date: 21/08/2002 10:50:09 AM Produced by the JSE SENS Department                


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