09:34     IDS<02387> - Announcement (6)                                       

    ``PHP''   the Philippines Pesos, the lawful currency of the               
    Philippines;                                                              
                                                                              
    ``Prospectus''   the prospectus of the Company dated 24 November          
    2004;                                                                     
                                                                              
    ``Second Completion Date''   30 April 2005 or such later date as JDH      
    (Philippines) and IDS Marketing (Philippines) may agree, but in any       
    case not later than 30 June 2005;                                         
                                                                              
    ``Second Tranche Inventory''   certain part of the Inventory              
    relating to principals that are not related to the First Tranche          
    Inventory, the completion of which will take place on the Second          
    Completion Date;                                                          
                                                                              
    ``Service''   certain winding down service to be provided by IDS          
    Marketing (Philippines) to JDH (Philippines) under the Acquisition        
    and Service Agreement, details of which are set out above;                
                                                                              
    ``Stock Exchange''   The Stock Exchange of Hong Kong Limited;             
                                                                              
    ``Transaction''   the acquisitions of the Inventory, the Motor            
    Vehicles and the IT Equipment and the provision of the Service            
    contemplated under the Acquisition and Service Agreement; and             
                                                                              
    ``US$''   United States Dollars, the lawful currency of the United        
    States.                                                                   
                                                                              
    (In this announcement and for reference only, the exchange rate of        
    United States dollars to Hong Kong dollars is US$1.0=HK$7.8; the          
    exchange rate of the Philippines Pesos to United States dollars is        
    PHP56.0=US$1.0.)                                                          
                                                                              
    By Order of the Board                                                     
    Integrated Distribution Services Group Limited                            
    YUEN Ying Kwai                                                            
    Company Secretary                                                         
                                                                              
    Hong Kong, 9 March 2005                                                   
                                                                              
    As at the date of this announcement, the executive directors of the       
    Company are Mr. Benedict CHANG Yew Teck, Mr. Joseph Chua PHI and Mr.      
    Rajesh Vardichand RANAVAT; the non-executive directors of the             
    Company are Dr. Victor FUNG Kwok King, Dr. William FUNG Kwok Lun,         
    Mr. Jeremy Paul Egerton HOBBINS, Mr. Butt Farn LAU and Mr. Derrick        
    LEE Meow Chan; and the independent non-executive directors of the         
    Company are Mr. William Winship FLANZ, Mr. John Estmond STRICKLAND,       
    Dr. FU Yu Ning and Prof. Hau Leung LEE.