09:13     NORTHERN INT'L<00736> - Unusual price & volume movements            

    The Stock Exchange has received a message from Northern 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 
    shares of the Company and wish to state that we are not aware of any      
    reasons for such increases, save for the announcements dated 15 December  
    2004 and 29 December 2004 issued by the Company.                          
                                                                              
    We also confirm that, save for the announcements dated 15 December 2004   
    and 29 December 2004 issued by the Company, 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 Northern International Holdings Limited 
    (comprising (i) the executive directors namely Mr. Chong Sing Yuen, Mr.   
    Chu Kiu Fat, Mr. Wong Siu Keung, Joe, Mr. Chong Chun Kwok, Piggy and Mr.  
    Chong Chun Hing; (ii) the non-executive director namely Mr. Chu Bu Yang,  
    Alexander; and (iii) the independent non-executive directors namely Mr.   
    Chan Ping Yim, Mr. Chan Shun and Mr. Cheng Kwok Hing, Andy), the directors
    of which individually and jointly accept responsibility for the accuracy  
    of this statement.                                                        
                                                                              
                                                                              
    By order of the Board                                                     
    Northern International Holdings Limited                                   
                                                                              
    Chu Kiu Fat                                                               
    Director                                                                  
                                                                              
    4 January 2005"                                                           
                                                                              
    The Stock Exchange has received a message from MAE 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 increases in the price and increases in the trading     
    volume of the shares of the Company as at today and wish to state that we 
    are not aware of any reasons for such increases in the price and          
    increases in the trading volume.                                          
                                                                              
    We also confirm that, save for the announcements issued by the Company    
    dated 23 December 2004, there are no negotiations or agreements relating  
    to intended acquisitions or realisations 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 MAE HOLDINGS LIMITED, the Board of      
    directors of which individually and jointly accept responsibility for the 
    accuracy of this statement.                                               
                                                                              
    As at the date of this announcement, the Board of Directors of the Company
    comprises Mr. Lo Wai Shing Felix, Mr. Lau Kevin and Ms. Leung Wai Kuen    
    Cerene as executive directors, and Mr. Yeong Yun Hong Gary, Mr. Chu Chin  
    Fan and Ms. Yan Po Kwan as independent non-executive directors.           
                                                                              
                                                                              
    By Order of the Board                                                     
    MAE HOLDINGS LIMITED                                                      
                                                                              
    Lo Wai Shing Felix                                                        
    Director                                                                  
                                                                              
    4 January 2005"