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Mon 17 Mar 2003, 11:15 NSX - Namibian Sea Products Limited - 2002 Profit
Namibian Sea Products Limited                                                   
Registration number: 709/1953                                                   
ISIN: NA0008640246                                                              
JSE Code: NMS                                                                   
2002 PROFIT ANNOUNCEMENT                                                        
The net profit after taxation for the year ended 31 December 2002 attributable  
to ordinary shareholders amounted to N$10 828 000, equivalent to a profit of 9,3
cents per share (2001 - profit of N$655 000; profit of 0,6 cents per share).    
Headline earnings amounted to a loss of 7,2 cents per share (2001 - profit of   
0,4 cents per share).                                                           
No final dividend will be paid in respect of the year ended 31 December 2002.   
Therefore this makes a total distribution of NIL cents per share for the year   
(2001 - NIL cents).                                                             
Walvis Bay                                                                      
17 March 2003                                                                   
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