09:13     FORTUNA INT'L<00530>-Announcement & Resumption of Trading(1)        

    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                 
    however arising from or in reliance upon the whole or any                 
    part of the contents of this announcement.                                
                                                                              
    FORTUNA INTERNATIONAL HOLDINGS LIMITED                                    
    (Incorporated in Bermuda with limited liability)                          
    (Stock code: 530)                                                         
                                                                              
    CLARIFICATION ANNOUNCEMENT,                                               
    UNUSUAL PRICE MOVEMENT                                                    
    AND TRADING VOLUME                                                        
    AND                                                                       
    RESUMPTION OF TRADING                                                     
                                                                              
    The Company make this announcement in response to certain                 
    articles appearing in various Hong Kong newspapers recently               
    referring to a declaration made by Mr. Fok Kin Man in relation            
    to the right to use and manage the Hotel as reported by Macau             
    Daily News on 20th February 2005.                                         
                                                                              
    The Directors have noted the decrease in the price and                    
    increase in the trading volume of the Shares on 21st February             
    2005.                                                                     
                                                                              
    Trading in the Shares on the Stock Exchange was suspended                 
    with effect from 9:30 a.m. on 22nd February 2005 pending the              
    release of this announcement. Application has been made by                
    the Company for the resumption of trading of the Shares on                
    the Stock Exchange with effect from 9:30 a.m. on 3rd March                
    2005.                                                                     
                                                                              
    This announcement is made by the Company in response to                   
    certain articles appearing in various Hong Kong newspapers                
    recently ("News Articles") referring to a declaration                     
    ("Declaration") made by Mr. Fok Kin Man (*transliteration                 
    only) in relation to the right to use and manage the Hotel                
    as reported by Macau Daily News on 20th February 2005. For                
    clarification, "*" or "*" or "*"                                          
    (c) as stated in the News Articles and the Declaration all                
    refers to "the Hotel". "*" is the Chinese name                            
    of the Target Company and "*" is the intended name                        
    of the Hotel upon commencement of business in the future.                 
                                                                              
    Reference is made to the announcement of the Company dated                
    15th February 2005 ("Announcement"). Terms used in this                   
    announcement shall, unless defined otherwise, have the same               
    meanings as defined in the Announcement.                                  
                                                                              
    News Articles                                                             
    The News Articles referred to the Declaration, in which Mr.               
    Fok Kin Man, who claimed to be the sole trustee for the sale,             
    lease and management of the Hotel, alleged that, inter alia,              
    (i) the Company had entered into agreement to acquire 30%                 
    interests in the Hotel; (ii) neither the Hotel nor the owners             
    of the Hotel had any relationship in any respect (including               
    leasing or ownership relationship) with the Target Company;               
    (iii) neither he nor the administrator of the Hotel had any               
    direct or indirect business relationship or contact with the              
    Company; and (iv) he had not entered into any agreement with              
    or received any deposit from the Company on behalf of the                 
    owners of the Hotel.                                                      
                                                                              
    Clarification                                                             
    In response to the allegations made in the Declaration, the               
    Company hereby confirms and clarifies that:                               
                                                                              
    1.   as stated in the Announcement, the Agreement was made                
    between Everacme Management Limited, a wholly-owned                       
    subsidiary of the Company and Ms. Lam for the sale and                    
    purchase of 30% interests in the Target Company. The                      
    Agreement is legally binding on the parties and legally                   
    enforceable under the laws of Hong Kong;                                  
                                                                              
    2.   the Target Company is not the owner of the Hotel. The                
    ownership of the Hotel belongs to the members of a renowned               
    family ("the Owners") in Macau. The Target Company is a                   
    company incorporated for managing and operating the Hotel.                
    Two individuals are authorised by the majority of the Owners              
    to execute documents on their behalf in relation to the Hotel.            
    Mr. Fok Kin Man does not appear to be one of the duly                     
    authorised representatives of the Owners;