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Novy Neft Limited Changes to Weekly Valuation
Hamilton, Bermuda: 8 December 2003 - The Directors of Novy Neft Limited ("the Company") have advised the Bermuda Stock Exchange (BSX) that in order to provide for a more orderly market of the Shares of the Company, the Net Asset Value will, with effect from 1 December 2003 be calculated on a weekly basis in addition to the existing month end valuation.
