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Walnut Capital Limited Net Asset Value 2002

Sep 12, 2002

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Haywood Investments Limited

(Incorporated in the Cayman Islands with limited liability)

As at 31st August, 2002, the unaudited consolidated net asset value per share of Haywood Investments Limited was approximately HK$0.39.

Hong Kong, 12th September, 2002

Please also refer to the published version of this announcement in The Standard dated 13 September 2002.