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Newmark Technology (NWT)

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Monday 09 September, 2002

Newmark Technology

Offer Update

Newmark Technology Group PLC
09 September 2002



NEWMARK TECHNOLOGY GROUP PLC

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES,
CANADA, AUSTRALIA OR JAPAN.

ALL SHARE OFFER FOR VEMA N.V. (THE 'OFFER')

FIRST CLOSING DATE - LEVEL OF ACCEPTANCES

Newmark Technology Group PLC ('Newmark') announces that, as at 3.00 p.m. on 6
September 2002, the first closing date of the Offer, valid acceptances had been
received in respect of the Offer for 45,010,061 Vema N.V. ('Vema') GDRs,
representing, in aggregate, approximately 62.51 per cent. of the Vema shares not
already owned by Newmark.


At the date of this announcement, valid acceptances of the Offer had been
received in respect of 9,550,000 GDRs, representing approximately 13.26 per
cent. of the Vema shares not already owned by Newmark, from persons who had
given irrevocable undertakings to accept the Offer.


The Offer will remain open for acceptance until further notice.  Vema GDR
holders who wish to accept the Offer, but have not yet done so, are strongly
encouraged to return their completed Forms of Acceptance (and supporting
documents) as soon as possible.  Further Forms of Acceptance are available from
Capita IRG, Bourne House, Beckenham Road, Beckenham, Kent BR3 4TH (telephone
number 0870 1623100).


The attention of Vema GDR holders is drawn to the fact that Newmark intends to
procure the de-listing of Vema GDRs from the Alternative Investment Market of
the London Stock Exchange plc.


The Offer is not being made, directly or indirectly, in or into, and may not be
accepted in or from, the United States, Canada, Australia or Japan. Accordingly,
copies of this announcement are not being, and must not be, mailed, forwarded,
transmitted or otherwise distributed or sent in, into or from the United States,
Canada, Australia or Japan.


In this announcement, 'Offer Document' means the document dated 16 August 2002
relating to the Offer.  Definitions used in the Offer Document have the same
meanings when used in this announcement unless the context otherwise requires.


This announcement, which has been prepared by and is the sole responsibility of
Newmark, has been approved by Williams de Broe Plc ('Williams de Broe') solely
for the purposes of section 21 of the Financial Services and Markets Act 2000.


Williams de Broe, which is regulated in the United Kingdom by the Financial
Services Authority, is acting for Newmark and no-one else in connection with the
Offer and will not be responsible to anyone other than Newmark for providing the
protections afforded to customers of Williams de Broe nor for providing advice
in relation to the Offer or any matter referred to in the Offer Document.



                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                                                                                                                                                                                  

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