09:57     ACROSSASIA<08061> - 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.                   
                                                                              
    Across Asia Limited                                                       
    (Incorporated in the Cayman Islands with limited liability)               
    (Stock Code: 8061)                                                        
                                                                              
    ANNOUNCEMENT                                                              
    DISCLOSEABLE TRANSACTION                                                  
                                                                              
    The Board announces that on 11th March, 2005, Ayunda, a wholly-owned      
    subsidiary of BM (an effective 66.14% owned subsidiary of the Company,    
    the shares of which are listed on the Surabaya Stock Exchange in          
    Indonesia), entered into the Shareholders Agreement with the Astro        
    Shareholders and Astro Overseas in respect of the Joint Venture, the      
    subscription of 49% and 51% of the Initial Enlarged Capital of PTDV by    
    Ayunda and the Astro Shareholders respectively and the regulation of      
    the relationship between shareholders of PTDV.                            
                                                                              
    The Ayunda Consideration under the terms of the Shareholders Agreement    
    amounts to US$14,700,000 (equivalent to approximately HK$114,660,000)     
    which exceeds 5% but being less than 25% of the market capitalisation     
    of the Company of approximately HK$911,630,769 (based on the average      
    closing price of the Company's shares as stated in the Stock Exchange's   
    daily quotation sheets for the 5 business days immediately preceding      
    the date of the Shareholders Agreement). Accordingly, the Joint Venture   
    constitutes a discloseable transaction for the Company under Rule         
    19.06(2) of the GEM Listing Rules.                                        
    To the best knowledge, information and belief of the Directors, having    
    made all reasonable enquiries, each of the Astro Shareholders, Astro      
    Overseas, their respective ultimate beneficial owners, subsidiaries or    
    associates, are third parties independent of and not connected with the   
    Company and connected persons of the Company as at the date of this       
    announcement.                                                             
                                                                              
    A circular containing details of the Joint Venture will be despatched     
    to the shareholders of the Company within 21 days after the publication   
    of this announcement.                                                     
                                                                              
    By Order of the Board                                                     
    Dr. Cheng Wen CHENG                                                       
    Executive Director and                                                    
    Chief Executive Officer                                                   
                                                                              
    Hong Kong, 11th March, 2005                                               
                                                                              
    This announcement, for which the Directors (namely, executive             
    Directors: Dr. Cheng Wen CHENG and Mr., Marshall Wallace COOPER;          
    non-executive Director: Mr. Jonathan Limbong PARAPAK; and independent     
    non-executive Directors: Messrs. Richard Arthur WOOLCOTT, Kwok Ming       
    CHEUNG and King Fai TSUI) collectively and individually accept full       
    responsibility, includes particulars given in compliance with the GEM     
    Listing Rules for the purpose of giving information with regard to the    
    Company. The Directors having made all reasonable enquiries, confirm      
    that, to the best of their knowledge and belief: (i) the information      
    contained in this announcement is accurate and complete in all material   
    respects and not misleading; (ii) there are no other matters the          
    omission of which would make any statement in this announcement           
    misleading; and (iii) all opinions expressed in this announcement have    
    been arrived at after due and careful consideration and are founded on    
    bases and assumptions that are fair and reasonable.                       
                                                                              
    The above announcement is a summary only. For the full version of this    
    announcement, please refer to the open code "Latest Company               
    Announcements" page on the GEM website at www.hkgem.com.