Gerald A. and Henrietta V. Rauenhorst - Page 4




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          of 2,400 shares of class A common stock and 660 shares of series            
          B preferred stock that were convertible share for share into NMG            
          common stock.  NMG’s stock was owned as follows:                            
                                             Common Stock                             
                              Shares of         Ownership      Shares of              
               Shareholder        Common Stock    Percentage     Preferred Stock      
               Grossberg family1          1,17649.00%            660                    
               E. James Cooper349            14.54          0                         
               John J. Woodlock           34914.54               0                    
          Randolph K. Ginsberg     349       14.54               0                    
               John J. Zamora      177       7.38               0                     
               Total               2,400     100.00             660                   
                    1The Grossberg family consisted of Ewel Grossberg and June Marion 
               Grossberg, in their capacities as trustees of the Grossberg Trust of   
               1983, and their children, Linda Finkel and Alan B. Grossberg.          
          If all preferred shares were converted into NMG common shares,              
          and if all warrants were exercised, the following would represent           
          the percentage ownership of NMG shares as of September 28, 1993:            
               Shareholders and       Shares of             Ownership                 
                Warrantholders       Common Stock           Percentage                
               Grossberg family    1,836.00                 43.75%                    
          E. James Cooper          349.00                   8.32                      
          John J. Woodlock         349.00                   8.32                      
          Randolph K. Ginsberg     349.00                   8.32                      
          John J. Zamora           177.00                   4.22                      
          Arbeit                   772.14                   18.40                     
               Sieben              18.36                    0.44                      
          Berkeley                 115.41                   2.75                      
          BG Services              230.82                   5.50                      
               Total               4,196.73                 1100.00                   
                    1As a result of rounding the percentages, the total should        
               actually be 100.02 percent.                                            

               On September 28, 1993, World Color Press, Inc. (WCP), wrote            
          a letter to the chairman of the board of directors of NMG, Ewel             
          Grossberg, in which it stated its intention to purchase all the             
          issued and outstanding shares of NMG on the terms and conditions            






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