09:14     NORTHERN INT'L<00736> - Announcement (3)                            

    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.                                     
                                                                              
    CLARIFICATION                                                             
    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 is made to the table regarding shareholding                     
    structure of the Company immediately before and after                     
    completion of the Open Offer, assuming none of the                        
    Options will be exercised before the Record Date. Set                     
    out below is, among others, the corrected respective                      
    shareholdings of Mr. Chong Sing Yuen and other public                     
    Shareholders referred to in the said table:                               
                                                                              
    Immediately before completion of the Open Offer                           
    Immediately after  completion of the Open Offer                           
    (assuming all Qualifying Holders take up their                            
    respective entitlements under  the Open Offer)                            
    Immediately after completion of the Open Offer                            
    (assuming no Qualifying Holder takes up his/her/its                       
    entitlement under the Open Offer except for Win                           
    Channel)                                                                  
    Shares   Per cent.   Shares   Per cent.   Shares                          
    Per cent.                                                                 
    (approximately)   (approximately)                                         
    (approximately)                                                           
                                                                              
    Mr. Chong Sing Yuen and his spouse   28,231,047   0.58                    
    56,462,094   0.58   28,231,047   0.29                                     
                                                                              
    Public                                                                    
    Underwriter (Note)   -   -   -   -    3,569,957,705                       
    36.65                                                                     
    Other public Shareholders   3,533,686,658   72.57                         
    7,067,373,316   72.57   3,533,686,658   36.29                             
                                                                              
    Reference is made to the table regarding shareholding                     
    structure of the Company immediately before and after                     
    completion of the Open Offer, assuming all the Options                    
    will have been exercised before the Record Date. Set                      
    out below is, among others, the corrected respective                      
    shareholdings of Mr. Chong Sing Yuen and other public                     
    shareholders as referred to in the said table:                            
                                                                              
    Immediately before completion of the Open Offer                           
    Immediately after  completion of the Open Offer                           
    (assuming all Qualifying Holders take up their                            
    respective entitlements under  the Open Offer)                            
    Immediately after completion of the Open Offer                            
    (assuming no Qualifying Holder takes up his/her/its                       
    entitlement under the Open Offer except for Win                           
    Channel)                                                                  
    Shares   Per cent.   Shares   Per cent.   Shares                          
    Per cent.                                                                 
    (approximately)   (approximately)                                         
    (approximately)                                                           
                                                                              
    Mr. Chong Sing Yuen and his spouse   28,231,047   0.58                    
    56,462,094   0.58   28,231,047   0.29                                     
                                                                              
    Public                                                                    
    Underwriter (Note)   -   -   -   -   3,589,257,705                        
    36.71                                                                     
    Other public Shareholders   3,533,686,658   72.28                         
    7,067,373,316   72.28   3,533,686,658   36.13