09:05     DYNASTY WINES<00828> - Announcement                                 

    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 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.               
                                                                              
    Dynasty Fine Wines Group Limited                                          
    (Incorporated in the Cayman Islands with limited liability)               
    (Stock Code: 828)                                                         
                                                                              
    STABILISING ACTION AND END OF STABILISATION PERIOD                        
                                                                              
    The Company announces that the stabilisation period in connection         
    with the Share Offer ended on 19 February 2005.                           
                                                                              
    Apart from over-allocations in the International Placing and the          
    exercise in full of the Over-allotment Option, no other stabilising       
    action has been taken by ABN AMRO Rothschild during the stabilisation     
    period.                                                                   
                                                                              
    This announcement is made pursuant to the requirement under section       
    9(2) of the Securities and Futures (Price Stabilizing) Rules. Unless      
    the context otherwise requires, terms and expressions defined in the      
    prospectus dated 17 January 2005 issued by Dynasty Fine Wines Group       
    Limited (the ``Company'') have the same meanings as those used in this    
    announcement.                                                             
                                                                              
    END OF stabilisation period                                               
                                                                              
    The Company announces that the stabilisation period in connection         
    with the Share Offer ended on 19 February 2005. During the                
    stabilisation period, ABN AMRO Rothschild, as the stabilising manager,    
    exercised in full, on 27 January 2005, the Over-allotment Option to       
    require the Company to issue additional 45,000,000 Shares,                
    representing an aggregate of approximately 15% of the total number        
    of Shares initially available under the Share Offer. These additional     
    Shares were issued at the Offer Price of HK$2.25 per Share 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 details of the         
    exercise of the Over-allotment Option are more particularly described     
    in the Company's announcement of 27 January 2005. Apart from              
    over-allocations in the International Placing and the exercise in         
    full of the Over-allotment Option, no other stabilising action has        
    been taken by ABN AMRO Rothschild during the stabilisation period.        
                                                                              
    By order of the Board                                                     
    Dynasty Fine Wines Group Limited                                          
    Yen Ping Ching, Samuel                                                    
    Company Secretary                                                         
                                                                              
    Hong Kong, 21 February 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.