09:54 TAKSON HOLDINGS<00918> - Announcement (3) Wednesday, 20 April Register of members closes Thursday, 21 April to Tuesday, 26 April Record Date Tuesday, 26 April Despatch of Rights Issue prospectus, provisional allotment letters and excess Rights Shares application forms Tuesday, 26 April Register of members re-opens Wednesday, 27 April First day of dealings in nil-paid Rights Shares Friday, 29 April Latest time for splitting nil-paid Rights Shares 4:00 p.m. on Wednesday, 4 May Last day of dealings in nil-paid Rights Shares Monday, 9 May Latest time for payment for and acceptance of Rights Shares and application for excess Rights Shares 4:00 p.m. on Thursday, 12 May Latest time for the Rights Issue to become unconditional 4:00 p.m. on Monday, 17 May Announcement of results of the Rights Issue published Friday, 20 May Refund cheques for wholly/partly unsuccessful excess applications despatched on or before Tuesday, 24 May Certificates for fully paid Rights Shares to be despatched on or before Tuesday, 24 May Commencement of dealings in Rights Shares Thursday, 26 May Dates or deadlines set out in this announcement for events in the timetable for (or otherwise in relation to) the Rights Issue are indicative only and may be varied by agreement between the Company and the Underwriter. Any changes to the expected timetable will be notified to Shareholders. Certificates for Rights Shares and refund cheques: Certificates for all fully paid Rights Shares are expected to be posted on or about 24 May 2005 to those Shareholders who have accepted and paid for the Rights Shares at their own risk. Refund cheques are also expected to be posted on or about 24 May 2005 to unsuccessful applicants for excess Rights Shares at their own risk. Rights of Overseas Shareholders: The Rights Issue prospectus will not be registered under the applicable securities or equivalent legislation of any other jurisdiction other than Hong Kong and Bermuda. The Company is making enquiries regarding the feasibility of extending the Rights Issue to Overseas Shareholders. If based on legal opinions provided by the legal advisers to the Company, the Directors consider that it is necessary or expedient not to offer the Rights Shares to Overseas Shareholders on account either of the legal restrictions under the laws of the places of their registered addresses or the requirements of the relevant regulatory bodies or stock exchanges in these places, the Rights Issue will not be available to Overseas Shareholders. As at 31 March 2005, the Company had a total of two Shareholders with registered addresses overseas, a summary of which together with the estimated funds that may be raised under the Rights Issue (if all such Shareholders subscribe for their entitlement of the Rights Shares) is set out below:- No. of Total no. Estimated funds that Country Shareholders of shares held may be raised U.S.A. 1 8,000 HK$160 Canada 1 2,000 HK$40 The legal advisers to the Company are making enquiry in relation to the legal restrictions and requirements of the relevant regulatory body or stock exchange in the U.S.A. and Canada respectively and are awaiting reply from the legal advisers on the laws of such jurisdictions. Further disclosure will be made by the Company in the Rights Issue prospectus to be despatched to Shareholders on or about 26 April 2005 after it has