08:58     PALIBURG HOLD<00617> - Unusual volume movement                      

    The Stock Exchange has received a message from Paliburg 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 recent increase in the trading volume of the ordinary   
    shares of Paliburg Holdings Limited (the "Company") and wish to state that
    we are not aware of any reasons for such increase, save for the debt      
    restructuring arrangement between Century City International Holdings     
    Limited ("Century"), the listed holding company of the Company, and its   
    relevant financial creditors, which was disclosed in the announcement of  
    the Company dated 11th October, 2004 and the two announcements of Century 
    dated 11th October, 2004 and 15th December, 2004, respectively.           
                                                                              
    Save as above, we 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 of Directors of the Company 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 the Board of the Company, the Directors (namely Mr.  
    LO Yuk Sui (Chairman and Managing Director), Mr. Donald FAN Tung (        
    Executive Director), Mrs. Kitty LO LEE Kit Tai (Non-Executive Director),  
    Mr. Jimmy LO Chun To (Executive Director), Mr. Kenneth NG Kwai Kai (      
    Executive Director), Mr. NG Siu Chan (Independent Non-Executive Director),
    Hon Abraham SHEK Lai Him, JP (Independent Non-Executive Director) and Mr. 
    WONG Chi Keung (Independent Non-Executive Director)) of which individually
    and jointly accept responsibility for the accuracy of this statement.     
                                                                              
                                                                              
    By Order of the Board of                                                  
    PALIBURG HOLDINGS LIMITED                                                 
                                                                              
    Eliza Lam                                                                 
    Secretary                                                                 
                                                                              
    Hong Kong, 24th March, 2005"