09:17 HERITAGE INT'L<00412> - Announcement 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. HERITAGE INTERNATIONAL HOLDINGS LIMITED *(the `Company') (Incorporated in Bermuda with limited liability) (Stock Code: 412) Fluctuation of the trading price of the shares of the Company and shares transaction entered into by directors of the Company The Company has noted the recent decreases in trading price of the shares of the Company and wish to state that we are not aware of any reasons for such decreases save as the shares transaction entered into by directors of the Company. Investors are advised to exercise caution when dealing in the shares of the Company as the possible acquisition may or may not proceed. This statement is made at the request of The Stock Exchange of Hong Kong Limited. We have noted the recent decreases in the trading price of the shares of the Company and wish to state that we are not aware of any reasons for such decreases save as the following: (i) A company wholly-owned by a director of the Company has bought shares of the Company on the Stock Exchange in the morning session today with the following details:- Name of Notes Number of Price of Shareholdi Shareholdi Shareholde shares shares ng ng r bought bought immediatel immediatel y before y after the the shares shares transactio transactio n n Fortuna (1) 18,550,000 HK$0.045 3.92% 4.20% Investment s Group Limited Sovicotra (2) 6,000,000 HK$0.046 4.86% 4.95% Capital Limited Notes: (1) Fortuna Investments Group Limited is a wholly-owned subsidiary of Goldworld Development Limited, a company wholly-owned by Mr. Kwong Kai Sing, Benny who being an executive director of the Company. (2) Sovicotra Capital Limited is a company wholly-owned by Mr. Ong Peter who being an executive director of the Company. We also confirm that save as the above-mentioned transactions, 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 Vincent Chow Company Secretary 7 January 2005 * For identification only