09:13     SOUTH SEA HOLD<00680> - Unusual price & volume movements            

    The Stock Exchange has received a message from South Sea Holding Company  
    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 the trading volume of 
    the shares of the Company and wish to state that we are not aware of any  
    reasons for such increases.                                               
                                                                              
    Save as the joint announcements dated 29 December 2003 and 13 December    
    2004 in relation to, amongst others, the subscription of the South Sea    
    Notes by Robina, a wholly owned subsidiary of Sino-i, Capital Reduction   
    and Distribution, and the Sale and Purchase Agreement (Capitalized terms  
    used in this letter have the same meaning as defined in the aforesaid     
    joint announcements of the Company and Sino-i), we also confirm that 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 order of South Sea Holding Company Limited the Board of the       
    directors of which individually and jointly accept responsibility for the 
    accuracy of this statement.                                               
                                                                              
                                                                              
    For and on behalf of                                                      
    South Sea Holding Company Limited                                         
                                                                              
    Watt Ka Po James                                                          
    Company Secretary                                                         
                                                                              
    List of directors as of the date hereof:                                  
                                                                              
    Executive directors: Mr. Yu Pun Hoi, Mr. Zhang Hong Ren and Mr. Zhao Liang
    Non-executive directors: Mr. Yu Lin Hoi and Mr. Lam Bing Kwan             
    Independent non-executive directors: Ms. Wei Jingyun, Mr. Qin Tian Xiang  
    and Mr. Wu Chen                                                           
                                                                              
    4 January 2005"