08:56     RECRUIT<08073> - 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.                                     
                                                                              
                                                                              
    RECRUIT HOLDINGS LIMITED                                                  
                                                                              
    (continued in Bermuda with limited liability)                             
    (Stock code: 8073)                                                        
                                                                              
    DISCLOSEABLE TRANSACTION                                                  
    ACQUISITION OF MACHINERY AND EQUIPMENT                                    
                                                                              
    The Board announces that 1010 as the purchaser entered into a machinery   
    and equipment purchase contract with Vendor 4 on 15 March 2005 at the     
    consideration of approximately HK$20,550,000. This contract constitutes   
    a discloseable transaction of the Company under Rule 19.06 of the GEM     
    Rules according to the percentage ratios calculated under Rule 19.07 of   
    the GEM Rules. Also, during the period from 25 February 2005 to 15 March  
    2005, 1010 as the purchaser entered into another three contracts for the  
    acquisition of machinery and equipment with three different vendors, all  
    are independent third parties, at the aggregate consideration of          
    approximately HK$4,380,000. These three contracts, whether individually or
    aggregated together, did not constitute a notifiable transaction of the   
    Company. All of the four contracts, when aggregated together, constitute  
    a discloseable transaction of the Company.                                
                                                                              
    A circular containing further details of the above purchase contracts will
    be dispatched to the Shareholders as soon as practicable.                 
                                                                              
                                                                              
    By Order of the Board                                                     
    Ho Suk Yi                                                                 
    Director                                                                  
                                                                              
    Hong Kong, 17 March 2005                                                  
                                                                              
    As at the date of this announcement, the Board comprises Lau Chuk Kin and 
    Ho Suk Yi as executive Directors, Wan Siu Kau, Lee Ching Ming, Adrian,    
    Peter Stavros Patapios Christofis and Lam Mei Lan as non-executive        
    Directors and Ling Ching Man, Eleanor, Cheng Ping Kuen, Franco and Tyen   
    Kan Hee, Anthony as independent non-executive Directors.                  
                                                                              
    This announcement, for which the Directors 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 the information contained 
    in this announcement is accurate and complete in all material respects and
    not misleading; there are no other matters the omission of which would    
    make any statement in this announcement misleading; and 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.                                                               
                                                                              
    This announcement will remain on the GEM website at http://www.hkgem.com  
    on the "Latest Company Announcement" page for at least seven days from    
    the date of its posting.                                                  
                                                                              
    * For identification purpose only