10:05     EZCOM HOLDINGS<00312> - Announcement (4)                            

    the net proceeds (as set out above) from the Previous                     
    Issues mainly for expanding its existing business of                      
    distribution of mobile phones and strengthening its                       
    distribution network in China which has not yet been                      
    utilized for such purpose up to the date hereof.                          
                                                                              
    Application for listing                                                   
    Application will be made by the Company to the Stock                      
    Exchange for the listing of, and permission to deal                       
    in, the Subscription Shares.                                              
                                                                              
    Changes in shareholding structure of the Company                          
    The shareholding structures of the Company                                
    immediately before and after completion of the                            
    Subscription are as follows:                                              
                                                                              
    Immediately     Immediately                                               
    before completion       after completion                                  
    of the Subscription     of the Subscription                               
    Shareholders    Agreements      Agreements                                
    number of Shares                %               number of Share         % 
                                                                              
    All About Investments Limited (Note 1)  287,544,153                       
            39.52           287,544,153             37.68                     
    Anglo Express Group Limited (Note 1)    34,759,840                        
            4.78            34,759,840              4.56                      
    Mr. Lian Song Qing, a Director  2,400,000               0.33              
            2,400,000               0.31                                      
    Public Shareholders                                                       
      Subscribers   -               -               35,500,000              4 
    .65                                                                       
      Other public Shareholders     402,863,225             55.37             
            402,863,225             52.80                                     
                                                                              
    Total   727,567,218             100.00          763,067,218               
            100.00                                                            
                                                                              
    Note:                                                                     
                                                                              
    1.      All About Investments Limited and Anglo Express                   
    Group Limited are ultimately beneficially owned by                        
    Mr. Kok Kin Hok, Chairman and a Director. Mr. Kok is                      
    deemed interested in the Shares held by these                             
    companies.                                                                
                                                                              
    DEFINITIONS                                                               
    The terms used in this announcement have the following                    
    meanings unless the context otherwise requires:                           
                                                                              
    "associate(s)"  has the meaning ascribed thereto in                       
    the Listing Rules                                                         
                                                                              
    "Board" the board of Directors                                            
                                                                              
    "Company"       Ezcom Holdings Limited, a company                         
    incorporated in Bermuda with limited liability and                        
    whose issued Shares are listed on the Stock Exchange.                     
                                                                              
    "Director(s)"   director(s) of the Company                                
                                                                              
    "Group" the Company and its subsidiaries                                  
                                                                              
    "Hong Kong"     the Hong Kong Special Administrative                      
    Region of the People's Republic of China                                  
                                                                              
    "Listing Rules" the Rules Governing the Listing of                        
    Securities on the Stock Exchange                                          
                                                                              
    "Subscription"  the Subscription for 35,500,000 new                       
    Shares in total by the Subscribers pursuant to the                        
    Subscription Agreements                                                   
                                                                              
    "Subscription Agreements"       subscription                              
    agreements dated 7 April 2005 entered into between