09:01     B.A.L. HOLD<08079> - 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 this announcement.                                   
                                                                              
    B. A. L. HOLDINGS LIMITED                                                 
    (Incorporated in the Cayman Islands with limited liability)               
    (Stock Code: 8079)                                                        
                                                                              
    PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL                             
    AND                                                                       
    SHARE CONSOLIDATION                                                       
                                                                              
    The Directors propose to increase the authorised share capital of the     
    Company from HK$40,000,000.00 divided into 4,000,000,000 shares of        
    HK$0.01 each to HK$80,000,000.00 divided into 8,000,000,000 shares of     
    HK$0.01 each by the creation of 4,000,000,000 new shares of HK$0.01       
    each.                                                                     
                                                                              
    The Directors also propose to effect the Share Consolidation by           
    consolidating every 10 issued and unissued Existing Shares of HK$0.01     
    each in the capital of the Company into 1 Consolidated Share of HK$0.10   
    each. The board lot size will remain unchanged at 20,000 shares upon the  
    Share Consolidation becoming unconditional.                               
                                                                              
    The AGM will be convened to approve resolutions including ordinary        
    resolutions regarding the proposed increase in authorised share capital   
    and the Share Consolidation. A circular containing further information    
    on the proposed Share Consolidation together with a notice convening the  
    AGM will be dispatched to the Shareholders on or before 6 April, 2005.    
                                                                              
    By Order of the Board                                                     
    B.A.L. Holdings Limited                                                   
    Siu York Chee                                                             
    Chairperson                                                               
                                                                              
    Hong Kong, 30 March 2005                                                  
                                                                              
    This announcement, for which the Directors of the Company collectively    
    and individually accept responsibility, includes particulars given in     
    compliance with the Rules Governing the Listing of Securities on the      
    Growth Enterprise Market of The Stock Exchange of Hong Kong Limited (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, (1) the          
    information contained in this announcement is accurate and complete in    
    all material respects and not misleading; (2) there are no other matters  
    the omission of which would make any statement in this announcement       
    misleading; and (3) 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.                       
                                                                              
    The above announcement is a summary only. For the full version of this    
    announcement, please refer to the "Latest Company Announcements" page on  
    the GEM website of http://www.hkgem.com.