09:12     TRULY INT'L<00732> - Unusual volume movement                        

    The Stock Exchange has received a message from Truly International        
    Holdings Limited which is reproduced as follows:-                         
                                                                              
    "This statement is made at the request of The Stock Exchange of Hong Kong 
    Limited.                                                                  
                                                                              
    We have noted the increase in the volume of the shares of the Company     
    today and wish to state that we are not aware of any reasons for such     
    increase.                                                                 
                                                                              
    We also confirm that there are no negotiations or agreements relating to  
    intended acquisitions or realisations which are discloseable under        
    rule 13.23, neither is the Board aware of any matter discloseable under   
    the general obligation imposed by rule 13.09, which is or may be of a     
    price-sensitive nature.                                                   
                                                                              
    Made by the order of Truly International Holdings Limited the Board of    
    the directors of which individually and jointly accept responsibility for 
    the accuracy of this statement.                                           
                                                                              
                                                                              
    By order of the Board                                                     
                                                                              
    WONG Pong Chun, James                                                     
    Executive Director                                                        
                                                                              
    18 March 2005                                                             
                                                                              
                                                                              
    As at the date of this announcement, the Board comprises four executive   
    directors, Mr. Lam Wai Wah, Steven, Mr. Wong Pong Chun, James, Mr. Cheung 
    Tat Sang, James and Mr. Li Jian Hua; and three independent non-executive  
    directors, Mr. Chung Kam Kwong, Mr. Ip Cho Ting, Spencer and Mr. Heung Kai
    Sing."