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Fri 22 Nov 2002, 13:39 NSX - Namibian Fishing Industries Limited - Furthe
NSX - Namibian Fishing Industries Limited - Further Announcement With Regards To
The Acquisition Of A 34,99% Interest In Namibian Sea Products Limited           
NAMIBIAN FISHING INDUSTRIES LIMITED                                             
("Namfish" or "the company")                                                    
(Incorporated in the Republic of Namibia)                                       
(Registration number 342/1947)                                                  
South African share code      :    NFH                                          
Namibian share code           :    NMF                                          
ISIN                          :    NA0008640220                                 
FURTHER ANNOUNCEMENT WITH REGARDS TO THE ACQUISITION OF A 34,99% INTEREST IN    
NAMIBIAN SEA PRODUCTS LIMITED                                                   
Further to the SENS announcement of 10 October 2002, the company announces that 
on Thursday, 21 November 2002, the requisite majority of Namfish shareholders   
approved the acquisition of a 34,99% interest in Namibian Sea Products Limited  
("Namsea"), a company operating in the pelagic fishing industry in Namibia and  
Angola.                                                                         
Shareholders are referred to the cautionary announcement dated 16 September 2002
and are herewith advised that as the details of the Namsea transaction have been
disclosed, caution is no longer required when dealing in their Namfish shares.  
Sponsor to Namfish in SA      Sponsor to Namfish in Namibia                     
PSG Capital                   Investment House Namibia                          
22 November 2002                                                                
Windhoek                                                                        
Date: 22/11/2002 10:24:41 AM Produced by the JSE SENS Department                
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