10:15     DYNASTY WINES<00828> - Announcement (2)                             

    The shareholding structure of the Company immediately following the       
    completion of the Share Offer (assuming the Over-allotment Option is      
    not exercised) and immediately after the exercise of the                  
    Over-allotment Option is as follows:                                      
                                                                              
    Immediately following the completion of the Share Offer (assuming the     
    Over-allotment Option is not exercised)                                   
                                                                              
    Immediately after the exercise of                                         
    the Over-allotment Option                                                 
                                                                              
    Shareholders   Number of Shares   Approximate % of issued share           
    capital   Number of Shares   Approximate % of issued share capital        
                                                                              
    Famous Ever   558,000,000*   46.50   558,000,000   44.82                  
    Remy Pacifique   297,000,000   24.75   297,000,000   23.86                
    Inttra   45,000,000   3.75   45,000,000   3.61                            
    Public Shareholders   300,000,000*   25.00   345,000,000   27.71          
                                                                              
    Total   1,200,000,000   100.00   1,245,000,000   100.00                   
                                                                              
    * 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 additional net proceeds of approximately HK$99 million from the       
    issue of the Over-allotment Shares by the Company will be used by the     
    Company for possible acquisition of complementary wine businesses as      
    disclosed in the section headed ``Future Plans and Use of Proceeds        
    --- Use of Proceeds'' in the Prospectus.                                  
                                                                              
    Immediately after the issue of the Over-allotment Shares, the total       
    number of Shares in issue will be 1,245,000,000, of which an aggregate    
    of 345,000,000 Shares will be held in public hands, representing          
    approximately 27.71% of the total number of Shares in issue as            
    enlarged by the Over-allotment Shares.                                    
                                                                              
    By order of the Board                                                     
    Dynasty Fine Wines Group Limited                                          
    Yen Ping Ching, Samuel                                                    
    Company Secretary                                                         
                                                                              
    Hong Kong, 27 January 2005                                                
                                                                              
    As at the date of this announcement, the executive Directors are Mr.      
    He Xiuheng, Mr. Gao Xiaode, Mr. Nie Jiansheng, Mr. Bai Zhisheng and       
    Mr. Chen Naiming. The non-executive Directors are Mr.                     
    Heriard-Dubreuil Francois, Mr. Wang Guanghao, Mr. Cheung Wai Ying,        
    Benny, Mr. Zhang Wenlin, Mr. Wong Ching Chung and Mr. Robert Luc. The     
    independent non-executive Directors are Mr. Lai Ming, Joseph, Mr. Hui     
    Ho Ming, Herbert and Mr. Chau Ka Wah, Arthur.