10:15 DYNASTY WINES<00828> - Announcement (1) This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities. The Stock Exchange of Hong Kong Limited (the ``Stock Exchange'') 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. In connection with the Share Offer, the Global Coordinator, as stabilising manager, or any person acting for it, on behalf of the Underwriters, may over-allocate or effect any other transactions with a view to stabilising or maintaining the market price of the Shares at a level higher than that which might otherwise prevail in the open market for a limited period following the commencement of trading in the Shares on the Stock Exchange. Such transactions will be effected in all jurisdictions where it is permissible to do so, in each case in compliance with all applicable laws and regulatory requirements, including the Securities and Futures (Price Stabilizing) Rules made under the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong). However, the Global Coordinator or any person acting for it has no obligation to conduct any such stabilising activity, which if commenced, will be effected at the absolute discretion of the Global Coordinator or any person acting for it and may be discontinued at any time. Any such stabilising activity is required to be brought to an end within 30 days of the last day for the lodging of application under the Hong Kong Public Offering. Unless otherwise defined herein, terms defined in the prospectus dated 17 January 2005 (the ``Prospectus'') issued by Dynasty Fine Wines Group Limited (the ``Company'') shall have the same meanings when used in this announcement. Dynasty Fine Wines Group Limited (incorporated in the Cayman Islands with limited liability) (Stock Code: 828) EXERCISE OF OVER-ALLOTMENT OPTION The Company announces that the Over-allotment Option referred to in the Prospectus was exercised in full by ABN AMRO Rothschild on 27 January 2005 in respect of the Over-allotment Shares (representing approximately 15% of the Shares initially being offered under the Share Offer) to facilitate the return in full to Famous Ever Group Limited of 45,000,000 borrowed Shares which were used solely to cover over-allocations in the International Placing. The Over-allotment Shares will be issued and allotted by the Company at HK$2.25 per Share (excluding brokerage of 1%, SFC transaction levy of 0.005%, investor compensation levy of 0.002% and the Stock Exchange trading fee of 0.005% payable thereon), being the Offer Price per Share in connection with the Share Offer. The Company announces that the Over-allotment Option referred to in the Prospectus was exercised in full by ABN AMRO Rothschild on 27 January 2005 in respect of 45,000,000 additional Shares (the ``Over-allotment Shares'') (representing approximately 15% of the Shares initially being offered under the Share Offer). The Over-allotment Shares will be issued and allotted by the Company at HK$2.25 per Share (excluding brokerage of 1%, SFC transaction levy of 0.005%, investor compensation levy of 0.002% and the Stock Exchange trading fee of 0.005% payable thereon), being the Offer Price per Share in connection with the Share Offer. ABN AMRO Rothschild has borrowed 45,000,000 Shares from Famous Ever Group Limited pursuant to the Stock Borrowing Agreement to solely cover over-allocations in the International Placing. The Over-allotment Shares will be used to facilitate the return in full to Famous Ever Group Limited of 45,000,000 borrowed Shares which were used solely to cover over-allocations in the International Placing. Approval for listing of and permission to deal in the Over-allotment Shares was granted by the Listing Committee of the Stock Exchange. Dealings in the Shares commenced on the main board of the Stock Exchange at 9:30 a.m. on Wednesday, 26 January 2005.