09:47     NEW WORLD DEV<00017>&NWS HOLDINGS<00659>-J.Ann.&Resume(6)           

    ``Shareholder Loans''  the amounts due and owing from ACTH to Sunmall     
    as at the close of business on the date of Completion of the Sunmall      
    Share Sale Agreement in respect of all the loans made by Sunmall to       
    ACTH                                                                      
                                                                              
    ``Stock Exchange''  The Stock Exchange of Hong Kong Limited               
                                                                              
    ``subsidiaries''  has the meaning ascribed to it under the Companies      
    Ordinance, Cap. 32 of the Laws of Hong Kong                               
                                                                              
    ``Sunmall''  Sunmall Limited, a company incorporated in Hong Kong         
    with limited liability, an indirect wholly owned subsidiary of NWSH       
                                                                              
    ``Sunmall Share Sale Agreement''  the share sale agreement entered        
    into on 4 February 2005 between NWSH, Sunmall and the Purchaser in        
    relation to the sale of the Sale Shares and the Shareholders' Loans       
    to the Purchaser                                                          
                                                                              
    ``TEU''  twenty-foot equivalent unit, a standard unit of measurement      
    of the volume of a container with a length of 20 feet, height of 8        
    feet and 6 inches and width of 8 feet                                     
                                                                              
    ``Trust Deed''  the deed of trust in relation to the economic benefits,   
    rights, beneficial title, interests in and obligations to the             
    indirect 16.67% interest in ATL to be entered into, among others,         
    Hetro, RCL and the Purchaser upon Completion of the Hetro Share Sale      
    Agreement                                                                 
                                                                              
    By order of the Board of                                                  
    New World Development Company Limited                                     
    Leung Chi Kin, Stewart                                                    
    Company Secretary                                                         
                                                                              
    By order of the Board of                                                  
    NWS Holdings Limited                                                      
    Dr. Cheng Kar Shun, Henry                                                 
    Chairman                                                                  
                                                                              
    Hong Kong, 5 February 2005                                                
                                                                              
    At the date of this announcement: (a) the executive directors of NWD      
    are Dato' Dr. Cheng Yu Tung, Dr. Cheng Kar Shun, Henry, Dr. Sin Wai       
    Kin, David, Mr. Liang Chong Hou, David and Mr. Leung Chi Kin, Stewart;    
    (b) the non-executive directors of NWD are Mr. Cheng Yue Pui, Mr. Cheng   
    Kar Shing, Peter, Mr. Chow Kwai Cheung, Mr. Ho Hau Hay, Hamilton and      
    Mr. Liang Cheung Biu, Thomas, and; (c) the independent non-executive      
    directors of NWD are Lord Sandberg, Michael, Mr. Yeung Ping Leung,        
    Howard, Dr. Cha Mou Sing, Payson, JP (alternate director to Dr. Cha       
    Mou Sing, Payson: Mr. Cha Mou Zing, Victor) and Mr. Lee Luen Wai, John,   
    JP.                                                                       
                                                                              
    At the date of this announcement: (a) the executive directors of NWSH     
    are Dr. Cheng Kar Shun, Henry, Mr. Doo Wai Hoi, William, Mr. Chan Kam     
    Ling, Mr. Tsang Yam Pui, Mr. Wong Kwok Kin, Andrew, Mr. Lam Wai Hon,      
    Patrick and Mr. Cheung Chin Cheung; (b) the non-executive directors       
    of NWSH are Mr. Wilfried Ernst Kaffenberger (alternate director to        
    Mr. Wilfried Ernst Kaffenberger: Mr. Yeung Kun Wah, David), Mr. To        
    Hin Tsun, Gerald and Mr. Dominic Lai; and (c) the independent             
    non-executive directors of NWSH are Mr. Kwong Che Keung, Gordon, Mr.      
    Cheng Wai Chee, Christopher and The Honourable Shek Lai Him, Abraham.     
                                                                              
    * For identification purposes only