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Salvus Strategic Investments Extension of Offer

Salvus Strategic Investments Limited (“Salvus”) – Extension of Offer

Specialist investor Salvus Strategic Investments has announced that it is extending the public offer of its ordinary shares for an additional week until 2 July 2004.

This extension follows on from the announcement made by Salvus on Friday 18 June 2004 that it had received applications for in excess of the minimum offer size of $20 million and that the offer would be proceeding. Salvus has received commitments from a range of NZ and UK institutions, NZX Primary Market Participants and applications from investors via the public pool.

Salvus said that there had been considerable investor interest in the company and its strategy of investing in the burgeoning smaller company sector in New Zealand. The extension is being made in order to accommodate renewed broker and investor interest in Salvus as a result of the minimum subscription level being reached.

A waiver from Listing Rule 7.13.2 has been granted by the New Zealand Exchange Limited allowing Salvus to extend the closing date until 2 July 2004.

Revised Offer Timetable
Offer Closing Date: 3:00pm 2 July 2004
Allotment Date: 6 July 2004
Anticipated Listing Date: 8 July 2004

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