09:14     NORTHERN INT'L<00736> - Announcement (4)                            

    Note:   According to the Underwriter, as at the date                      
    of the Announcement, the Underwriter had entered into                     
    a sub-underwriting agreement with independent                             
    sub-underwriter, to sub-underwrite 670,000,000                            
    Underwritten Shares, representing about 6.85% of                          
    enlarged issued share capital of the Company                              
    immediately upon the completion of the Open Offer                         
    (assuming all the Options will have been exercised                        
    before the Record Date). Therefore the Underwriter                        
    will at no time hold 30% or more interests in the                         
    Company upon the completion of the Open Offer. It is                      
    the intention of the Underwriter to place down any                        
    Offer Shares under the Open Offer upon being notified                     
    the number of Offer Shares required to be taken up                        
    by it under the Underwriting Agreement.                                   
                                                                              
    By order of the Board                                                     
    Chong Sing Yuen                                                           
    Chairman                                                                  
                                                                              
    Hong Kong, 1 March 2005                                                   
                                                                              
    As at the date of this announcement, the executive                        
    directors of the Company are Mr. Chong Sing Yuen, Mr.                     
    Chu Kiu Fat, Mr. Wong Siu Keung, Joe, Mr. Chong Chun                      
    Kwok, Piggy and Mr. Chong Chun Hing and the independent                   
    non-executive directors are Mr. Chan Ping Yim, Mr.                        
    Chan Shun and Mr. Cheng Kwok Hing, Andy.