09:09     GET NICE<00064> - Announcement (1)                                  

    The Stock Exchange of Hong Kong Limited takes no responsibility           
    for the contents of this announcement, makes no representation            
    as to its accuracy or completeness and expressly disclaims any            
    liability whatsoever for any loss howsoever arising from or in            
    reliance upon the whole or any part of the contents of this               
    announcement.                                                             
                                                                              
    GET NICE HOLDINGS LIMITED                                                 
                                                                              
    (Incorporated in the Cayman Islands with limited liability)               
                                                                              
    ANNOUNCEMENT                                                              
    ADJUSTMENT OF RELATIVE ALLOCATION OF USE OF THE SHARE OFFER               
    PROCEEDS                                                                  
                                                                              
    The board of Directors of the Company proposes that the                   
    Reallocation of the unused portion of proceeds from the Share             
    Offer will be adjusted, on the basis that (i) increase the                
    allocation for reducing bank borrowings and (ii) cancel the               
    allocations for recruiting additional experienced staff                   
    including account executives for the brokerage business and               
    consultants for the asset management business; for establishing           
    and developing the corporate finance business; for upgrading              
    the computer system and for the areas of promotion and                    
    advertising. In this connection, the Company resolved to put              
    forward the Reallocation for approval by the Independent                  
    Shareholders.                                                             
                                                                              
    The Reallocation will be subject to the approval of the                   
    Independent Shareholders at the EGM. Honeylink Agents Limited,            
    a company beneficially owned by Mr. Hung Hon Man, the Chairman            
    of the Company of the Company; Mr. Shum Kin Wai, Frankie and              
    Chambray Resources Limited, a company beneficially owned by Mr.           
    Cham Wai Ho, Anthony, both being the executive Directors of the           
    Company, which together are interested in 75% of the existing             
    issued share capital of the Company as at the date of this                
    announcement, will abstain from voting in respect of their                
    shareholding interests in the Company in the resolution for the           
    approval of the Reallocation at the EGM. A circular, containing           
    the details of the Reallocation, the advice of the independent            
    financial adviser, the recommendation of the independent                  
    non-executive Directors and a notice convening the EGM of the             
    Company will be dispatched to the Shareholders as soon as                 
    practicable.                                                              
                                                                              
    Shareholders are referred to the prospectus of the Company dated          
    24th May, 2002 (the "Prospectus") in relation to the placing              
    and new issue of the Company's Shares ("Share Offer").                    
    Capitalised terms herein have the same meaning as the Prospectus.         
                                                                              
    The board of Directors (the "Board") announces that the relative          
    allocation of the unused portion of proceeds from the Share Offer         
    will be adjusted (the "Reallocation"). The Company raised net             
    proceeds of approximately HK$63.8 million (after deduction of             
    related expenses) from the Share Offer in June 2002 and has               
    already applied HK$41.5 million of the proceeds to different              
    areas of businesses in accordance with the plans set out in the           
    Prospectus. The remaining unused portion of approximately                 
    HK$22.3 million is placed in short term deposits with certain             
    banks in Hong Kong.                                                       
                                                                              
    During the third quarter of year 2002, the stock market condition was     
    relatively unstable and was adversely affected by the poor economy. The   
    Board considers it highly risky to implement expansion plans during the   
    investment climate seems to be dull. Hence, certain business plans have   
    not been implemented since the Company listed its Shares in June 2002.