09:16 UNIVERSAL HOLD<00419> - Unusual volume movement The Stock Exchange has received a message from Universal Holdings 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 recent increase in the trading volume of the shares of the Company and wishes to state that we are not aware of any reasons for such increase. 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 Universal Holdings Limited, the directors of which individually and jointly accept responsibility for the accuracy of this statement. As at the date hereof, the Board comprises Mr. Ko Chun Shun Johnson as Chairman, Mr. Shen Ka Yip, Timothy as executive director, Mr. Tsoi Tong Hoo and Mr. Cheong Chow Yin as non-executive director, Mr. Yuen Kin, Mr. Wilton Timothy Carr Ingram and Dr. Wong Yau Kar David as independent non- executive directors. For and on behalf of Universal Holdings Limited Jason Chan Company Secretary 14 April 2005" The Stock Exchange of Hong Kong Limited 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. SEEC MEDIA GROUP LIMITED (incorporated in the Cayman Islands with limited liability) (Stock Code: 205) PRESS CLARIFICATION The Board would like to clarify certain statements contained in an article appearing in Oriental Daily on 14 April 2005. The board of directors (the "Directors")(the "Board") of SEEC Media Group Limited (the "Company") has noted that an article appearing in Oriental Daily on 14 April 2005 (the "Article") contained certain statements about the Company and its subsidiaries (the "Group"). The Board would like to make certain clarification thereon in the following. The Article reported that the Company would increase its interest in its advertising agency business to 100% during this year. The Company currently has an attributable interest of 78% in Beijing Caixun Advertising Co., Ltd. which carries on business as an advertising agency. The Company would like to clarify that under the current laws and regulations in China, advertising agency business is classified as restricted business and foreign companies are not permitted to own 100% of such business. The Directors, however, believe that such restriction may relax in mid December 2005. At present, the Company has no immediate plan to increase its stake in its advertising agency business to 100%. The Company may consider such plan if and when it becomes legally feasible for the Group to do so. The Article further reported that the Company would later acquire several more magazines to broaden its revenue stream. In that regard, the Company would like to clarify that, the Group does not own any magazines and the Group only holds exclusive advertising rights in several financial and non-financial magazines. At present, the Group has no concrete plan to acquire any additional exclusive advertising rights in other publications. As at the date of this announcement, the Board comprises Mr. WANG Boming, Mr. ZHANG Zhifang, Mr. DAI Xiaojing, Mr. LI Shijie, Mr. YEH Shuen Ji and Mr. LAU See Him Louis, all as executive Directors; and Mr. FU Fengxiang, Mr. WANG Xiangfei and Mr. GE Ming, all as independent non-executive Directors. By Order of the Board SEEC Media Group Limited ZHANG Zhifang Executive Director Hong Kong, 14 April 2005