09:13 ADVANCED CARD<08210> - Unusual price & volume movements This announcement is made at the request of The Stock Exchange of Hong Kong Limited (the `Stock Exchange'). The Stock Exchange 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 the contents of this announcement. Advanced Card Systems Holdings Limited (incorporated in the Cayman Islands with limited liability) (Stock Code: 8210) ANNOUNCEMENT We have noted today's increases in the price and trading volume of the shares of Advanced Card Systems Holdings Limited (the `Company') and wish to state that we are not aware of any reasons for such increases. We also confirm that there are no negotiations or agreements relating to intended acquisitions or realisations which are discloseable under Chapters 19 to 20 of the Rules Governing the Listing of Securities on the Growth Enterprise Market of the Stock Exchange (the `GEM Listing Rules'), neither is the board of directors (the `Board') of the Company aware of any matter discloseable under the general obligation imposed by rule 17.10 of the GEM Listing Rules, which is or may be of a price-sensitive nature. Made by the order of the Board of the Company, the directors of which collectively and individually accept responsibility for the accuracy of this announcement. By order of the Board of Advanced Card Systems Holdings Limited TAN Keng Boon Director Hong Kong, 12 April 2005 As at the date of this announcement, the Board comprises 4 executive directors, namely Mr. Wong Yiu Chu, Denny, Mr. Tan Keng Boon, Mr. Mak Chi Him and Ms. Tsui Kam Ling, Alice; 1 non-executive director, Mr. Wan Wah Tong, Thomas; and 3 independent non-executive directors, Dr. Yip Chak Lam, Peter, Mr. Cheong Chung Chin and Mr. Yu Man Woon. This announcement, for which the directors of the Company collectively and individually accept full responsibility, includes particulars given in compliance with 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:- (i) the information contained in this announcement is accurate and complete in all material respects and not misleading; (ii) there are no other matters the omission of which would make any statement in this announcement misleading; and (iii) 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. This announcement will remain on the GEM website at http://www.hkgem.com on the `Latest Company Announcements' page for at least 7 days from the day of its posting.