09:46     DICKSON GROUP<00313> - Announcement (1)                             

    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.                                
                                                                              
    DICKSON GROUP HOLDINGS LIMITED                                            
    (Incorporated in the Cayman Islands and continued in Bermuda              
    with limited liability)                                                   
    (Stock code: 313)                                                         
                                                                              
    RESULTS OF                                                                
    RIGHTS ISSUE                                                              
    ON THE BASIS OF ONE RIGHTS SHARE FOR EVERY TWO EXISTING SHARES            
    HELD                                                                      
    BY QUALIFYING SHAREHOLDERS                                                
                                                                              
    Financial adviser                                                         
    VC CAPITAL LIMITED                                                        
                                                                              
    Underwriter                                                               
    VC BROKERAGE LIMITED                                                      
                                                                              
    The Directors are pleased to announce that the Rights Issue               
    closed and became unconditional at 4:00 p.m. on Thursday, 27th            
    January 2005. The Directors also announce that 347 valid                  
    acceptances have been received for a total of 390,731,592                 
    Rights Shares provisionally allotted under the Rights Issue               
    (including the 163,035,507 Rights Shares for the Major                    
    Shareholders) and 254 valid applications have been received               
    for a total of 575,174,474 excess Rights Shares. Accordingly,             
    the Rights Issue was approximately 208.56% subscribed. Such               
    acceptances include 163,035,507 Rights Shares accepted and                
    paid for by the Major Shareholders, which represents                      
    approximately 35.21% of the total Rights Shares available for             
    subscription.                                                             
                                                                              
    As a result of the over-subscription of the Rights Shares,                
    the Underwriter's obligations under the Underwriting                      
    Agreement have ceased.                                                    
                                                                              
    Reference is made to the prospectus in relation to the Rights             
    Issue issued by the Company on 10th January 2005. Terms used              
    in this announcement shall have the same meanings as those                
    defined in the aforesaid prospectus unless otherwise defined              
    herein.                                                                   
                                                                              
    RESULTS OF THE RIGHTS ISSUE                                               
    The Directors announce that all the conditions set out in the             
    Underwriting Agreement have been fulfilled and the                        
    Underwriting Agreement has not been terminated in accordance              
    with its terms or otherwise. The Rights Issue closed and became           
    unconditional at 4:00 p.m. on Thursday, 27th January 2005.                
    347 valid acceptances of Right Shares provisionally allotted              
    under the Rights Issue have been received for a total of                  
    390,731,592 Rights Shares (including the 163,035,507 Rights               
    Shares for the Major Shareholders and 254 valid applications              
    for excess Rights Shares have been received for a total of                
    575,174,474 Rights Shares. Such acceptances and applications              
    include:                                                                  
                                                                              
    -   227,696,085 Rights Shares accepted and paid for and                   
    575,174,474 excess Rights Shares applied for by the Qualifying            
    Shareholders (other than the Major Shareholders); and                     
                                                                              
    -   163,035,507 Rights Shares accepted and paid for by the                
    Major Shareholders.                                                       
                                                                              
    The Rights Shares accepted and paid for by the Major                      
    Shareholders represent the number of Shares which they had                
    irrevocably undertaken to accept in accordance with their                 
    letters of undertaking accepted pursuant to the Underwriting              
    Agreement.