09:30     PLAYMATES<00635> - Announcement (2)                                 

    (i)        the relevant Warrant 2005 certificates;                        
                                                                              
    (ii)        the relevant duly executed and stamped forms of transfer      
    and/or other documents of title;                                          
                                                                              
    (iii)        the relevant duly completed and signed Subscription Forms;   
    and                                                                       
                                                                              
    (iv)        remittances for the requisite subscription moneys.            
                                                                              
    (4)        Subscription Forms and other relevant accompanying             
    documentation lodged with the Warrant Registrars after 4:00 p.m. on       
    Monday, 23 May, 2005 will not be accepted.                                
                                                                              
    (5)        Shares arising as a result of the exercise of any              
    Subscription Rights will be allotted and issued not later than 21         
    business days after the date of a due exercise of the Subscription        
    Rights and will rank pari passu in all respects with the then existing    
    Shares in issue on the relevant date of exercise of the Subscription      
    Rights.                                                                   
                                                                              
    BONUS WARRANTS                                                            
                                                                              
    Holders of Warrants 2005 are reminded that if they wish to be entitled    
    to the bonus issue of warrants ("Bonus Warrants") referred to in the      
    announcement of 23 February 2005 and 16 March 2005, as well as the        
    circular dated 16 March 2005 relating to, among others, the proposed      
    issue of Bonus Warrants and the notice for annual general meeting, they   
    should exercise the Subscription Rights attaching to their Warrants 2005  
    by lodging the completed Subscription Forms, together with the relevant   
    certificates and subscription moneys with the Warrant Registrars on or    
    before 4:00 p.m. on Thursday, 28 April 2005.                              
                                                                              
    Transferees of Warrants 2005 are also reminded that, in order to qualify  
    for the entitlement of the Bonus Warrants, they should lodge completed    
    Subscription Forms, together with the relevant certificates, transfer     
    forms and subscription moneys with the Warrant Registrars not later than  
    4:00 p.m. on Thursday, 28 April 2005.                                     
                                                                              
    Holders of Warrants 2005 who are in any doubt as to any action to be      
    taken should consult their stockbroker or other registered dealer in      
    securities, bank manager, solicitor, professional accountant or other     
    professional adviser.                                                     
                                                                              
    A circular in relation to the expiry of the Warrants 2005 will be         
    despatched to the holders of Warrants 2005 and, for information only,     
    shareholders and option holders of the Company shortly.                   
                                                                              
    By order of the board                                                     
    Playmates Holdings Limited                                                
    Tracy Fong Yuk Yu                                                         
    Company Secretary                                                         
                                                                              
    Hong Kong, 21 April, 2005                                                 
                                                                              
    As at the date hereof, the board of directors of the Company comprises    
    the following directors:                                                  
                                                                              
    Executive Directors: Mr. Chan Chun Hoo, Thomas (Chairman), Mr. To Shu     
    Sing, Sidney                                                              
                                                                              
    Independent Non-executive Directors: Mr. Lee Peng Fei, Allen, Mr. Lo Kai  
    Yiu, Anthony, Mr. Yu Hon To, David                                        
                                                                              
    Non-executive Directors: Mr. Tsim Tak Lung (Deputy Chairman), Mr. Ip Shu  
    Wing, Charles