October 2, 2000

Seprod Ltd. (SEP) – Bonus Issue

The Board of Directors at its meeting on October 2, 2000 recommended the following resolution for adoption by the shareholders:- an increase in share capital from $200 million to $300

Seprod Ltd. (SEP) – New Appointments

Messrs. Paul Scott and Michael Black were appointed directors of Seprod Ltd. at the meeting of Board of Directors held October 2, 2000.