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Wed 21 May 2003, 15:22 Delisting Of Namfish On The Jse Securities
Namibian Fishing Industries Limited - 
Exchange South Africa ("Jse")                                                   
Namibian Fishing Industries Limited                                             
(Incorporated in Namibia)                                                       
(Registration number 342(NAMIBIA))                                              
("Namfish" or "the company")                                                    
JSE Code:  NFH    NSX Code: NMF                                                 
ISIN Code:  NA0008640220                                                        
DELISTING OF NAMFISH ON THE JSE SECURITIES EXCHANGE SOUTH AFRICA ("JSE")        
Namfish currently has a primary listing on the Namibian Stock Exchange ("NSX")  
and a secondary listing on the JSE.  The JSE has approved the delisting of      
Namfish shares from the JSE Lists. There will be no change to the company"s NSX 
listing.                                                                        
The salient dates and times are as follows:                                     
Last day to trade on Friday                  6 June 2003                        
Listing suspended in South Africa from                                          
commencement of business on Monday           9 June 2003                        
Record date on Friday                        13 June 2003                       
Termination of listing from commencement of  17 June 2003                       
business on Tuesday                                                             
South African shareholders will be afforded the opportunity to continue trading 
their shares on the NSX and will continue to have access to any information     
concerning Namfish which is made public in Namibia via SENS announcements.      
Dematerialised shareholders in Namfish would need to rematerialise their shares 
and will be issued with share certificates on or about the delisting date, which
will be posted to shareholders at their own risk.  The company will carry all   
costs and expenses relating to the rematerialisation.  No action is required    
from shareholders with certificates, who will continue to trade in their shares 
in certificated form.                                                           
A letter, setting out further details of the delisting as well as details       
regarding stockbrokers through which shareholders can trade, will be posted to  
shareholders in due course.                                                     
The board of directors of Namfish would like to thank Namfish shareholders for  
their support during the period Namfish was listed on the JSE.                  
Windhoek                                                                        
21 May 2003                                                                     
Transactional Sponsor        Sponsoring Broker in                               
                             Namibia                                            
Deloitte & Touche Sponsor                                                       
Services (Pty) Ltd           Investment House Namibia                           
(Registration number                                                            
1996/000034/07)                                                                 
Date: 21/05/2003 03:16:42 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                


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