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Seprod Ltd. (SEP) – Subsidiary News

(1) Caribbean Products Co. Ltd. a fully owned subsidiary of Seprod Ltd. has by ordinary resolution of the company dated November 13, 2000, increased its share capital by $16 million

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