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This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.

Novy Neft Cancels Shares

Hamilton, Bermuda: December 7, 2004 - The Directors of Novy Neft Limited (the "Company") wish to announce that on 30 November 2004 425,622 shares of the Company were cancelled at a price per share of US$19.60.

 

For further information on Novy Neft Limited please contact:

Stephen Davies

Butterfield Securities Limited

Tel: (441) 298 4764

Fax: (441) 295 6759

Email: stephendavies@bntb.bm

Christopher Fitzwilliam-Lay

Charlemagne Capital (UK) Limited

Tel: (44 207) 518 2100

Fax: (44 207) 518 2199

Email: chris.fitzwilliamlay@charlemagnecapital.com