13:38     DAH SING<00440> - Results Announcement (1)                          

    Dah Sing Financial Holdings Limited announced on 15/03/2005:              
    (stock code: 00440 )                                                      
    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                    : 2,237,382          2,361,357         
    Profit/(Loss) from Operations      : 1,417,010          1,125,396         
    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       : 1,152,438          992,611           
    % Change over Last Period          : +16.1     %                          
    EPS/(LPS)-Basic (in dollars)       : 8.22               4.02              
             -Diluted (in dollars)     : 8.21               4.02              
    Extraordinary (ETD) Gain/(Loss)    : 880,768            N/A               
    Profit/(Loss) after ETD Items      : 2,033,206          992,611           
    Final Dividend                     : $1.30              $0.81             
      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 completed a group reorganisation (the "Reorganisation") on 12 
    th June 2004 whereby it transferred its banking-related subsidiaries to a 
    newly incorporated subsidiary, Dah Sing Banking Group Limited ("DSBG").   
    The Reorganisation was effected by a share-for-share swap of the Company's
    interests in the banking subsidiaries with DSBG.  DSBG was subsequently   
    listed on The Stock Exchange of Hong Kong Limited on 30th June 2004.      
                                                                              
    The consolidated accounts include the results of 100% of DSBG up to the   
    date immediately before DSBG's listing i.e. 29th June 2004, after which   
    the minority interest's share in DSBG's results is recognised.            
                                                                              
    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.               
                                                                              
    2.      Basic and fully diluted earnings per share                        
                                                                              
    The calculation of basic earnings per share is based on earnings of HK$2, 
    033,206,000 (2003: HK$992,611,000) and the weighted average number of 247 
    ,390,855 (2003: 246,678,802) shares in issue during the year.             
                                                                              
    The calculation of diluted earnings per share is based on earnings of HK$ 
    2,033,206,000 (2003: HK$992,611,000) and the weighted average number of   
    247,543,562 (2003: 246,805,216) shares in issue during the year after     
    adjusting for the effect of all dilutive potential ordinary shares.       
                                                                              
    For information purpose, basic and diluted earnings per share excluding   
    reorganisation costs and profit on partial and deemed disposal of interest
    in a subsidiary are presented.                                            
                                                                              
    The calculation of basic earnings per share excluding reorganisation costs
    and profit on partial and deemed disposal of interest in a subsidiary is  
    based on the correspondingly adjusted earnings of HK$1,152,438,000 (2003: 
    HK$992,611,000) and the weighted average number of 247,390,855 (2003: 246 
    ,678,802) shares in issue during the year.