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Walnut Capital Limited Net Asset Value 2002

Oct 11, 2002

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Haywood Investments Limited

(Incorporated in the Cayman Islands with limited liability)

As at 30th September, 2002, the unaudited consolidated net asset value per share of Haywood Investments Limited was approximately HK$0.38.

Hong Kong, 11th October, 2002

Please also refer to the published version of this announcement in The Standard dated 15 October 2002.