08:54     EGANAGOLDPFEIL<00048> - Results Announcement (2)                    

                                                                              
    (c) Reconciliation                                                        
                                                                              
    A reconciliation of profit attributable to shareholders used in           
    calculating the basic and diluted earnings per share was as follows:      
                                                                              
                                                    Six months ended          
                                            30th November,  30th November,    
                                            2004            2003              
                                            HK$' 000        HK$' 000          
    Profit attributable to shareholders                                       
      used in calculating basic earnings                                      
      per share                             88,691          72,966            
    Interest savings in respect of                                            
      convertible bonds                     264             295               
                                            ---------       ----------        
    Profit attributable to shareholders                                       
      used in calculating diluted earnings                                    
      per share                             88,955          73,261            
                                            =========       ==========        
                                                                              
    A reconciliation of the number of ordinary shares for calculation of basic
    and diluted earnings per share was as follows:                            
                                                                              
                                            Six months ended                  
                                            30th November,  30th November,    
                                            2004            2003              
    Weighted average number of ordinary                                       
     shares used in calculating basic                                         
     earnings per share                     1,180,528,000   1,135,388,000     
    Dilutive potential effect in respect of                                   
    - Convertible bonds                     117,692,000     26,202,000        
    - Share options of the Company          9,000           28,000            
                                            -------------   --------------    
    Weighted average number of ordinary                                       
      shares used in calculating diluted                                      
      earnings per share                    1,298,229,000   1,161,618,000     
                                            =============   ==============    
                                                                              
    For more details, please refer to the press announcement today.