09:14     TIANJIN CAPITAL<01065> - Unusual volume movement                    

    The Stock Exchange has received a message from Tianjin Capital            
    Environmental Protection Company 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 increases in trading volume of the shares of the 
    Company and wish to state that we are not aware of any reasons for such   
    increases.                                                                
                                                                              
    We confirm that there are no negotiations or agreements relating to       
    intended acquisitions or realizations which are discloseable under Rule   
    13.23 of the Listing Rules neither is the Board aware of any matter       
    discloseable under the general obligation imposed by Rule 13.09 of the    
    Listing Rules, which is or may be of a price sensitive nature.            
                                                                              
    Made by the order of Board of Tianjin Capital Environmental Protection    
    Company Limited, the directors of which individually and jointly accept   
    responsibility for the accuracy of this statement.                        
                                                                              
    The Board comprises executive directors: Ms. Ma Baiyu, Mr. An Pindong, Mr.
    Gu Qifeng, Mr. Wang Zhanying, Mr. Tan Zhaofu and Ms. Fu Yana and          
    independent non-executive directors: Mr. Wang Xiangfei, Mr. Gao Zongze    
    and Mr. Ko Po Ming.                                                       
                                                                              
                                                                              
    Ip Pui Sum, Company Secretary                                             
                                                                              
    18 April, 2005"