09:11     NEW WORLD TMT<00301> - 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.                   
                                                                              
    New World TMT Limited                                                     
    (incorporated in the Cayman Islands with limited liability)               
    (Stock Code: 301)                                                         
                                                                              
    TERMINATION OF AGREEMENT                                                  
                                                                              
    The Board announces that the Agreement dated 20 January 2005 entered      
    into between the Vendor (a wholly owned subsidiary of the Company) and    
    the Purchaser (an independent third party) regarding the disposal of      
    the Vendor's entire interests in Living Colours Limited has been          
    terminated.                                                               
                                                                              
    Reference is made to the announcement of the Company dated 20 January     
    2005 (the "Announcement") and the circular of the Company dated 3         
    February 2005 in respect of the Agreement. Terms used herein shall have   
    the same meanings as those defined in the Announcement unless the         
    context requires otherwise.                                               
                                                                              
    Pursuant to the Agreement, the total consideration should be paid by      
    the Purchaser to the Vendor within 14 Business Days from the date of      
    the Agreement. The Agreement has been terminated as the Purchaser         
    failed to fulfill such obligation under the Agreement. The Board is of    
    the view that such termination would not have any material financial      
    impact on the Company.                                                    
                                                                              
    As at the date of this announcement, the Board comprises (i) three        
    executive directors, namely Dr Cheng Kar-Shun, Henry, Mr Wong Chi-Chiu,   
    Albert and Dr Wai Fung-Man, Norman; (ii) four non-executive directors,    
    namely Mr Wilfried Ernst Kaffenberger (alternate director to Mr           
    Wilfried Ernst Kaffenberger: Mr Yeung Kun-Wah, David), Mr Fu Sze-Shing,   
    Mr Lee Sean, Sammy and Mr Lai Hing-Chiu, Dominic; and (iii) three         
    independent non-executive directors, namely Dr Lam Man-Kit, Dominic,      
    The Honourable Shek Lai-Him, Abraham and Mr Kong Chi-How, Johnson.        
                                                                              
    By Order of the Board                                                     
    Wong Chi-Chiu, Albert                                                     
    Chief Executive Officer                                                   
                                                                              
    Hong Kong, 25 February 2005