09:20     HERITAGE INT'L<00412> - Unusual price & volume movements            

    The Stock Exchange has received a message from Heritage International     
    Holdings Limited which is reproduced as follows:-                         
                                                                              
    "This statement is made at the request of The Stock Exchange of Hong Kong 
    Limited.                                                                  
                                                                              
    We have noted the recent increases in the price and trading               
    volume of the nil-paid Rights Shares of the Company and wish to state that
    we are not aware of any reasons for such increases.                       
                                                                              
    We confirm that save as the announcement by the Company dated 29th        
    November 2004 in relation to acquisition of property interest,            
    there are no negotiations or agreements relating to intended acquisitions 
    or realizations which are discloseable under rule 13.23, neither is the   
    Board aware of any matter discloseable under the general obligation       
    imposed by rule 13.09, which is or may be of a price-sensitive nature.    
                                                                              
    Made by the order of the Board of Heritage International Holdings Limited,
    the directors of which individually and jointly accept responsibility for 
    the accuracy of this statement.                                           
                                                                              
    As at the date hereof, the Board comprises Mr. Kwong Kai Sing, Benny, Mr. 
    Ong Peter and Ms. Poon Chi Wan as executive directors, Mr. Chung Yuk Lun  
    as non-executive director and Mr. Chan Sze Hung, Mr. To Shing Chuen and   
    Mr. Frank H. Miu as independent non-executive directors.                  
                                                                              
                                                                              
    By Order of the Board                                                     
    Heritage International Holdings Limited                                   
                                                                              
    Ngai Wai Kin                                                              
    Company Secretary                                                         
                                                                              
    30th November 2004"