10:10     VANTAGE INT'L<00015> - Announcement & Resumption (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                 
    howsoever arising from or in reliance upon the whole or any               
    part of the contents of this announcement.                                
                                                                              
    VANTAGE INTERNATIONAL (HOLDINGS) LIMITED                                  
    (incorporated in Bermuda with limited liability)                          
    (Stock code: 15)                                                          
                                                                              
    MAJOR TRANSACTIONS - ACQUISITIONS OF PROPERTIES                           
                                                                              
    On 14 March 2005, Hobol, a wholly-owned subsidiary of the                 
    Company, entered into an agreement with Vendor A, an                      
    Independent Third Party, to acquire the Tsuen Wan Properties              
    for a consideration of HK$120,000,000.                                    
                                                                              
    Also on 14 March 2005, Excelskill, another wholly-owned                   
    subsidiary of the Company, entered into an agreement with                 
    Vendor B, an Independent Third Party (who to the best of the              
    Directors' knowledge, information and belief having made all              
    reasonable enquiry is independent from and unrelated to                   
    Vendor A) to acquire the Causeway Bay Properties for a                    
    consideration of HK$96,000,000.                                           
                                                                              
    Each of the acquisitions of the Tsuen Wan Properties and the              
    Causeway Bay Properties constitutes a major transaction                   
    under Chapter 14 of the Listing Rules and is subject to the               
    shareholders' approval in accordance with Chapter 14 of the               
    Listing Rules. However, pursuant to Rule 14.44 of the Listing             
    Rules, as no shareholder of the Company has a material                    
    interest in these transactions, no shareholder of the                     
    Company is required to abstain from voting if the Company                 
    were to convene a general meeting for the approval of these               
    transactions. In addition, a written shareholder's approval               
    has been obtained by the Company from Winhale Ltd., a                     
    substantial shareholder of the Company who as at the date                 
    of this announcement holds 490,934,400 shares in the issued               
    capital of the Company representing 52.18% of the nominal                 
    value of the securities giving the right to attend and vote               
    at that meeting to approve these transactions. Therefore no               
    general meeting of the Company will be convened for the                   
    purpose of the acquisition of the Tsuen Wan Properties or                 
    the Causeway Bay Properties.                                              
                                                                              
    A circular containing further details of the acquisitions                 
    of the Tsuen Wan Properties and the Causeway Bay Properties               
    will be despatched to the shareholders of the Company as soon             
    as practicable.                                                           
                                                                              
    At the request of the Company, trading of the shares of the               
    Company has been suspended with effect from 9:30 am on 15                 
    March 2005 pending the publication of this announcement.                  
    Application has been made to the Stock Exchange for the                   
    resumption of trading of the shares in the Company with                   
    effect from 9:30 am on 16 March 2005.                                     
                                                                              
    TSUEN WAN AGREEMENT                                                       
    Date:                                                                     
    14 March 2005                                                             
                                                                              
    Parties:                                                                  
    Vendor A:   Prime Sky Limited, a company incorporated in the              
    British Virgin Islands with limited liability, which                      
    together with its ultimate beneficial owner(s), to the best               
    of the Directors' knowledge, information and belief having                
    made all reasonable enquiry, are Independent Third Parties.               
                                                                              
       To the best of the Directors' knowledge, information and               
    belief having made all reasonable enquiry, Vendor A is                    
    engaged in property investment.                                           
                                                                              
    Purchaser:   Hobol, an indirectly wholly-owned subsidiary                 
    of the Company                                                            
                                                                              
    Subject matter:                                                           
    Hobol has conditionally agreed to purchase, and Vendor A as               
    confirmor has conditionally agreed to sell, the Tsuen Wan                 
    Properties.                                                               
                                                                              
    Information on the Tsuen Wan Properties:                                  
    Shops 5 and 6 and Storeroom 3, 1st Floor, Fou Wah Centre,                 
    No. 210 Castle Peak Road, Tsuen Wan, New Territories,                     
    altogether occupying a total gross floor area of                          
    approximately 6,918 square feet.