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Fri 17 Sep 2004, 17:18 Namsea - Trading Update
NSX - Namsea - Trading Update                                                   
Namibian Sea Products Limited - Trading Update                                  
(`Namsea` or `the company`)                                                     
(Incorporated in the Republic of Namibia)                                       
(Registration number 709/1953)                                                  
NSX Share Code : NAS                                                            
JSE Share Code : NMS                                                            
ISIN           : NA0008640246                                                   
TRADING UPDATE                                                                  
Shareholders are advised that the group`s earnings and headline earnings for the
six months ended 30 June 2004 are substantially higher compared to the          
corresponding period of the previous year.                                      
The net profit after taxation attributable to ordinary shareholders amounted to 
N$2.54 million, equivalent to a profit of 2,2 cents per share (Loss of N$1.016  
million, equivalent to a loss of 0.9 cents per share during the previous        
period).                                                                        
Headline earnings amounted to a profit of 2,2 cents per share (Loss of 0,9 cents
per share the previous period).                                                 
No interim dividend has been declared in respect of the period ended 30 June    
2004.                                                                           
Shareholders are advised that the earnings and headline earnings figures for the
six months ended 30 June 2004 have not been reviewed, audited or reported on by 
Namsea`s auditors.                                                              
17 September 2004                                                               
Sponsor to Namsea in Namibia                                                    
Investment House Namibia                                                        
Member of the Namibian Stock Exchange                                           
Sponsor to Namsea in South Africa                                               
PSG Capital Limited                                                             
Date: 17/09/2004 05:14:04 PM                  
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