09:22     CAPITAL ESTATE<00193> - Unusual price & volume movements            

    The Stock Exchange has received a message from Capital Estate 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 increases in the trading volume and trading price of the
    shares of the Company today and wish to state that we are not aware of any
    reasons for such increases.                                               
                                                                              
    We confirm that there are no negotiations or agreements relating to       
    intended acquisitions or realizations 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 the Board of Capital Estate Limited, the directors of
    which individually and jointly accept responsibility for the accuracy of  
    this statement.                                                           
                                                                              
                                                                              
    Ma Wai Man, Catherine                                                     
    Company Secretary                                                         
    6 April, 2005                                                             
                                                                              
    Executive Directors:-                                                     
    Choo Yeow Ming (Executive Chairman)                                       
    Ng Kai Man, Luke (Deputy Chairman)                                        
    Ma Wai Man, Catherine                                                     
    Chow Hou Man                                                              
                                                                              
    Independent Non-Executive Directors:-                                     
    Miu, Frank H.                                                             
    Sin Chi Fai                                                               
    Ng Yuk Yee, Feona"