09:14     DICKSON GROUP<00313> - Announcement                                 

    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)                                                         
                                                                              
    UNUSUAL MOVEMENT IN TRADING VOLUME                                        
                                                                              
    The Board has noted the recent increase in the trading                    
    volume of the shares of the Company and wishes to state                   
    that it is not aware of any reason for such increase except               
    that the Company is currently considering various                         
    investment opportunities in the PRC, the principal terms                  
    of which have not been finalised.                                         
                                                                              
    This announcement is made at the request of The Stock                     
    Exchange of Hong Kong Limited (the "Stock Exchange") under                
    Rule 13.10 of the Rules Governing the Listing of                          
    Securities on the Stock Exchange (the "Listing Rules").                   
                                                                              
    The board of directors (the "Board") of Dickson Group                     
    Holdings Limited (the "Company") has noted the recent                     
    increase in the trading volume of the shares of the Company               
    and wishes to state that the Board is not aware of any                    
    reasons for such increase except the following.                           
                                                                              
    The Company is currently considering various investment                   
    opportunities in the PRC (including property development,                 
    property construction and property infrastructure                         
    projects), the principal terms of which have not been                     
    finalised. The negotiation is still in a preliminary stage                
    and no agreement has been signed by the Company. Further                  
    announcement will be made by the Company in compliance                    
    with the Listing Rules if any of the investments is                       
    materialised.                                                             
                                                                              
    The Board has also noted an article in today's Hong Kong                  
    Daily News regarding an alleged injection of an                           
    infrastructure project by a PRC investor into the Company.                
    The Board wishes to clarify that the information in the                   
    article is not correct.                                                   
                                                                              
    The Company has entered into a placing agreement on 2                     
    February 2005 in relation to a placing of 185,000,000 new                 
    shares in the share capital of the Company. The Company                   
    has announced on 8 February 2005 a proposed share                         
    consolidation pursuant to which every 5 shares of HK$0.01                 
    each in the share capital of the Company be consolidated                  
    into 1 share of HK$0.05 each in the share capital of the                  
    Company.                                                                  
                                                                              
    Saved as disclosed above, the Board confirms that there                   
    are no negotiations or agreements relating to intended                    
    acquisitions and realizations which are discloseable                      
    under Rule 13.23 of the Listing Rules, neither is the Board               
    aware of any matter discloseable under the general                        
    obligation imposed by Rule 13.09 of the Listing Rules,                    
    which is or may be of a price-sensitive nature.                           
                                                                              
    Made by the order of the Company, the directors of which                  
    individually and jointly accept responsibility for the                    
    accuracy of this announcement.                                            
                                                                              
    As at the date hereof, the Board comprises Messrs. Pun Yat,               
    Leung Chi Ching, Frederick, Chin Wai Kay, Geordie and                     
    Cheng Ping Kong, James as executive directors of the                      
    Company, Messrs. Fung Wing Mou, Bernard as non-executive                  
    director of the Company and Messrs. Lau Sai Chung, Wong                   
    Ying Sheung and Mo Wai Bun as independent non-executive                   
    directors of the Company.                                                 
                                                                              
    By Order of the Board of                                                  
    Dickson Group Holdings Limited                                            
    Leung Chi Ching, Frederick                                                
    Executive Director                                                        
                                                                              
    Hong Kong, 22 February 2005