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Vema N.V. (VEMD)

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Wednesday 04 July, 2001

Vema N.V.

Holding in Company

Vema N.V.
4 July 2001

                           VEMA NV ('the Company')


                              Holding in Company


The Company was informed on 25 June 2001 that, after a sale of 4,655,000
Global Depository Receipts (representing A shares of EUR0.02 each) to private
investors, as at the close of business on 20 June 2001 City Equities Limited
no longer holds a notifiable interest in the Company.


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