09:21     VXL CAPITAL<00727> - Unusual price & volume movements               

    The Stock Exchange has received a message from  VXL Capital Limited       
    which is reproduced as follows:-                                          
                                                                              
    "This statement is made at the request of The Stock Exchange of Hong Kong 
    Limited.                                                                  
                                                                              
    We have noted that the recent increases in the price of the               
    shares and trading volume in the shares of 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 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 VXL Capital Limited the Board of directors of        
    which individually and jointly accept responsibility for the accuracy of  
    this statement.                                                           
                                                                              
    As the date of this announcement, the Board comprises of three executive  
    directors, namely Datuk LIM Chee Wah, Mr. Percy ARCHAMBAUD-CHAO           
    and Ms. SO Ying Chi Patsy; and three independent non-executive directors, 
    namely Mr Michael YEE KIM Shing, Mr Alan Howard SMITH and Mr. Stephen YUEN
    Ching Bor.                                                                
                                                                              
                                                                              
    By order of the Board                                                     
    VXL Capital Limited                                                       
                                                                              
    Datuk LIM Chee Wah                                                        
    Chairman                                                                  
                                                                              
    12th April 2005"