09:13 NORTHERN INT'L<00736> - Announcement (1) The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. NORTHERN INTERNATIONAL HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) (Stock Code : 736) DELAY IN DESPATCH OF THE CIRCULAR IN RELATION TO PROPOSED OPEN OFFER OF NEW SHARES ON THE BASIS OF ONE OFFER SHARE FOR EVERY SHARE HELD ON RECORD DATE REVISED TIME TABLE AND CLARIFICATION ANNOUNCEMENT A circular containing, among others, the details of the Open Offer, the recommendation of the Independent Board Committee, the advice of Altus Capital Limited in respect of the Open Offer and the notice of SGM is expected to be despatched to Shareholders on Friday, 4 March 2005. Due to the delay in despatch of the circular, the time and date of SGM will be postponed to 10:00 a.m. on Tuesday, 22 March 2005. However, the dates of closure of register of members remains from Friday, 4 March 2005 to Tuesday, 8 March 2005, (both dates inclusive) and the Record Date for the purpose of ascertaining the entitlements of the Shareholders under the Open Offer remains on Tuesday, 8 March 2005. The expected timetable for the Open Offer has been revised and set out herein. To be entitled to the Open Offer, Shareholders must be registered as members of the Company on the register of members of the Company on the Record Date, being Tuesday, 8 March 2005 and not be Excluded Shareholders. Shareholders who are registered as members of the Company at the time the SGM be held (on 22 March 2005) will be entitled to vote in respect of the resolution relating to the Open Offer. Qualifying Holders who are entitled to the Open Offer but subsequently sell their Shares and whose names are not registered in the register of members of the Company at the time the SGM be held will not be entitled to vote in respect of the resolution relating to the Open Offer. It should be noted that Shares will be dealt in on an ex-entitlement basis commencing from Wednesday, 2 March 2005 and that dealings in Shares will take place while the conditions to which the Open Offer is subject remain unfulfilled. Any Shareholder or other person dealing in Shares up to the date on which all conditions to which the Open Offer is subject are fulfilled (which is expected to be Wednesday, 13 April 2005), will accordingly bear the risk that the Open Offer cannot become unconditional and may not proceed. Any Shareholder or other person contemplating selling or purchasing Shares who is in any doubt about his/her/its position is recommended to consult his/her/its own professional adviser. The Company would like to clarify certain typographical errors in the Announcement. It was stated in the Announcement that Mr. Chong Sing Yuen held 29,231,047 Shares and his spouse held 2,350,000 Shares as at the date of the Announcement. In fact, Mr. Chong Sing Yuen held 25,881,047 Shares and his spouse held 2,350,000 Shares as at the date of the Announcement. Reference was made to the Company's announcement issued on 28 January 2005 (the "Announcement") in relation to the Open Offer. Unless otherwise stated, terms used in this announcement shall have the same meanings as those defined in the announcement of the Company dated 28 January 2005 in relation to the Open Offer.