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Walnut Capital Limited Net Asset Value 2000

Nov 15, 2000

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Haywood Investments Limited

(Incorporated in the Cayman Islands with limited liability)

As at 31st October, 2000, the unaudited consolidated net asset value per share of Haywood Investments Limited was approximately HK$0.80.

Hong Kong, 14th November, 2000

Please also refer to the published version of this announcement in the i Mail dated 15/11/2000.