13:36     DAHSING BANKING<02356> - Results Announcement (1)                   

    Dah Sing Banking Group Limited announced on 15/05/2005:                   
    (stock code: 02356 )                                                      
    Year end date: 31/12/2004                                                 
    Currency: HKD                                                             
    Auditors' Report: Unqualified                                             
                                                                              
                                                            (Audited   )      
                                         (Audited   )       Last              
                                         Current            Corresponding     
                                         Period             Period            
                                         from 01/01/2004    from 01/01/2003   
                                         to 31/12/2004      to 31/12/2003     
                                   Note  ('000      )       ('000      )      
    Interest Income                    : 2,228,406          2,355,956         
    Profit/(Loss) from Operations      : 1,263,466          1,007,356         
    Finance cost                       : N/A                N/A               
    Share of Profit/(Loss) of                                                 
      Associates                       : N/A                N/A               
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : 4,095              (2,015)           
    Profit/(Loss) after Tax & MI       : 1,119,665          879,826           
    % Change over Last Period          : +27.3     %                          
    EPS/(LPS)-Basic (in dollars)       : 1.29               1.09              
             -Diluted (in dollars)     : 1.29               N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 1,119,665          879,826           
    Final Dividend                     : $0.38              N/A               
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 22/04/2005         to 28/04/2005 bdi.
    Payable Date                       : 29/04/2005                           
    B/C Dates for (-)                                                         
      General Meeting                  : N/A                                  
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
                                                                              
    1.      Basis of preparation                                              
                                                                              
            The Company was established on 11th March 2004 as the holding     
    company for the banking-related subsidiaries of the ultimate holding      
    company, Dah Sing Financial Holdings Limited ("DSFH").  DSFH completed a  
    group reorganisation (the "Reorganisation") during the year whereby DSFH  
    transferred its banking-related subsidiaries to the Company.  The         
    Reorganisation, which was completed on 12th June 2004, was effected by a  
    share-for-share swap of DSFH's interests in the banking-related           
    subsidiaries (which comprise Dah Sing Bank, Limited, MEVAS Bank Limited,  
    D.A.H. Holdings Limited and Global Courage Securities Limited) with the   
    Company.  The Company was subsequently listed on The Stock Exchange of    
    Hong Kong (the "Stock Exchange") on 30th June 2004.                       
                                                                              
            As part of the Reorganisation, Dah Sing Bank, Limited, which is   
    now a subsidiary of the Company, disposed of its interest in the entire   
    share capital of Dah Sing Insurance Agency Limited ("DS Insurance Agency")
    to the ultimate holding company, DSFH.                                    
                                                                              
            On the basis of the merger accounting method set out in SSAP No.  
    27 "Accounting for Group Reconstructions", the consolidated accounts      
    include the assets and liabilities, and results of the Company and the    
    banking subsidiaries now forming the Group as if the Company had existed  
    and these banking-related subsidiaries had been subsidiaries of the       
    Company throughout the reporting periods.                                 
                                                                              
            The results and contribution under "discontinued operation" refer 
    to those of DS Insurance Agency which have been included in the           
    consolidated profit and loss account up to the date of disposal to DSFH,  
    i.e. 12th June 2004.                                                      
                                                                              
            HKICPA has issued a number of new and revised Hong Kong Financial 
    Reporting Standards and Hong Kong Accounting Standards (the "new HKFRSs") 
    which are effective for accounting periods beginning on or after 1st      
    January 2005.  The Group has not early adopted these new HKFRSs in the    
    accounts for the year ended 31st December 2004.  The Group has already    
    commenced an assessment of the impact of these new HKFRSs but is not yet  
    in a position to state whether these new HKFRSs would have a significant  
    impact on its results of operations and financial position.