08:22     ROJAM<08075> - Unusual price movement                               

                                                                              
    This announcement is made at the request of The Stock Exchange of Hong    
    Kong Limited.                                                             
                                                                              
    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.                                        
                                                                              
    ROJAM ENTERTAINMENT HOLDINGS LIMITED                                      
    (Incorporated in the Cayman Islands with limited liability)               
                                                                              
    Stock Code: 8075                                                          
    Website: www.rojam.com                                                    
                                                                              
    ANNOUNCEMENT                                                              
                                                                              
    We have noted today's increase in the price of the shares of Rojam        
    Entertainment Holdings Limited ("Company") and wish to state that we are  
    not aware of any reasons for such increase.                               
                                                                              
    We also confirm that there are no negotiations or agreements relating to  
    intended acquisitions or realizations which are discloseable under        
    Chapters 19 and 20 of the Rules Governing the Listing of                  
    Securities on the Growth Enterprise Market of The Stock Exchange of Hong  
    Kong Limited ("GEM Listing Rules"), neither is the board of directors ("  
    Board") 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, the directors of which collectively and   
    individually accept responsibility                                        
    for the accuracy of this announcement.                                    
                                                                              
                                                                              
    By order of the Board                                                     
    Etsuko Hoshiyama                                                          
    Company Secretary                                                         
                                                                              
    Hong Kong, 15 April 2005                                                  
                                                                              
    As at the date of this announcement, the Board comprises seven executive  
    directors, namely Mr. Takeyasu Hashizume, Mr. Tetsuo Mori, Mr. Osamu      
    Nagashima, Mr. Mitsuo Sakauchi, Mr. Arihito Yamada, Mr. Yukitsugu Shimizu 
    and Mr. Hiroshi Osaki; and three independent non-executive directors,     
    namely Mr. Seiichi Nakaoda, Mr. Kwong Pui Kei and Mr. Law Kar Ping.       
                                                                              
    This announcement, for which the directors of the Company collectively and
    individually accept full responsibility, includes particulars given in    
    compliance with the Rules Governing the Listing of Securities on the      
    Growth Enterprise Market of The Stock Exchange of Hong Kong               
    Limited 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: (1) the information contained in this 
    announcement is accurate and complete in all material                     
    respects and not misleading; (2) there are no other matters the omission  
    of which would make any statement in this announcement misleading; and (3)
    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 www.hkgem.com on the  
    "Latest Company Announcements" page for at least 7 days from the date of  
    its posting and on the website of the Company at www.rojam.com.