09:35     HERITAGE INT'L<00412> - Announcement                                

    The Stock Exchange of Hong Kong Limited (the `Stock Exchange') 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.                                                        
                                                                              
                                                                              
    HERITAGE INTERNATIONAL HOLDINGS LIMITED                                   
    *(the `Company')                                                          
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code: 412)                                                         
                                                                              
    CLARIFICATION ANNOUNCEMENT -                                              
    EXPIRY OF EXISTING 2003 WARRANTS#923                                      
                                                                              
                                                                              
    Reference is made to the Announcement made by the Company dated           
    16 March, 2005.                                                           
                                                                              
    The Company wishes to clarify that the closing prices of Shares and       
    the 2003 Warrants on the Stock Exchange on 16 March 2005 (instead of      
    on 16 March 2004 as referred to in page 2 of the Announcement) were       
    HK$0.026 and HK$0.01 respectively.                                        
                                                                              
                                                                              
    Reference is made to the announcement of the Company dated 16th           
    March, 2005 (`Announcement'). Capitalized terms used herein shall         
    have the same meanings ascribed to them in the Announcement.              
                                                                              
    The Company wishes to clarify that the closing prices of Shares and       
    the 2003 Warrants on the Stock Exchange on 16 March 2005 (instead of      
    on 16 March 2004 as referred to in page 2 of the Announcement which       
    was a typographical error) were HK$0.026 and HK$0.01 respectively.        
                                                                              
    As at date of this announcement, the Company has four executive           
    Directors, being Mr. Kwong Kai Sing, Benny, Ms. Lo Ki Yan, Karen, Mr.     
    Ong Peter and Ms. Poon Chi Wan, one non-executive Director, being Mr.     
    Chung Yuk Lun, and three independent non-executive Directors, being       
    Mr. Chan Sze Hung and Mr. To Shing Chuen and Mr. Frank H. Miu.            
                                                                              
                                   By order of the Board                      
                                   Chow Chi Wah, Vincent                      
                                   Company Secretary                          
                                                                              
                                                                              
                                                                              
    Hong Kong, 17th March, 2005                                               
    * For identification purposes only