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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 II Limited Continues Repurchase Of Shares

Hamilton, Bermuda: 29th December 2004 - The Directors of Novy Neft II Limited (the "Company") wish to announce that the Company repurchased a further 75,000 Shares for cancellation on 23 December 2004 at a price per Share of US$13.30, a discount to Net Asset Value. 

For further information on Novy Neft II 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