09:49 MAE HOLDINGS<00851> - Announcement (2) Record Date Wednesday, 25th May Prospectus Documents to be posted Thursday, 26th May First day of dealings in nil-paid Rights Shares Monday, 30th May Latest time for splitting nil-paid Rights Shares 4:00 p.m. on Wednesday, 1st June Original counter for trading in the Consolidated Shares in board lots of 20,000 Consolidated Shares (in the form of new pink share certificates) re-opens 9:30 a.m. on Wednesday, 1st June Parallel trading in the Consolidated Shares (in the form of new pink and existing blue share certificates) commences 9:30 a.m. on Wednesday, 1st June Designated broker starts to stand in the market to provide matching services for odd lots of shares Wednesday, 1st June Last day of dealings in nil-paid Rights Shares Monday, 6th June Latest time for acceptance of the Rights Shares and payment for the Rights Shares 4:00 p.m. on Thursday, 9th June The Underwriting Agreement becomes unconditional/ Latest Time for Termination 4:00 p.m. on Monday, 13th June Announcement of the results of the Rights Issue to be published Tuesday, 14th June Refund cheques for wholly or partially unsuccessful excess applications to be posted Tuesday, 14th June Share certificates for the Rights Shares to be posted on or before Tuesday, 14th June Temporary counter for trading in Consolidated Shares in board lots of 1,000 Consolidated Shares (in the form of existing blue share certificates) closes 4:00 p.m. on Wednesday, 22nd June Designated broker standing in the market to provide matching services for odd lots of shares ends Wednesday, 22nd June Parallel trading in the Consolidated Shares (in the form of new pink and existing blue share certificates) ends 4:00 p.m. on Wednesday, 22nd June Free exchange of existing blue share certificates for new pink share certificates ends Monday, 27th June Notes: (i) Dealings in the fully-paid Rights Shares will commence as soon as the relevant Shareholders receive the share certificates for the Rights Shares. (ii) All times in this announcement refer to Hong Kong times. TRADING ARRANGEMENTS Upon the Capital Reorganisation becoming effective, all existing blue share certificates for any number of Existing Shares in issue immediately before the effective date will be deemed to be certificates, and will be effective as documents of title, for one twentieth of that number of Existing Shares. New share certificates will be issued for the Consolidated Shares. Parallel trading arrangements will be established on the Stock Exchange for dealings in the Consolidated Shares in the form of the existing blue share certificates and in the form of the new share certificates (which will be pink in colour). The trading arrangements proposed for dealings in the Consolidated Shares are set out as follows: (i) with effect from 9:30 a.m. on Wednesday, 18th May, 2005, the original counter for trading in the Existing Shares in existing board lot of 20,000 Existing Shares will close temporarily. A temporary counter for trading in the Consolidated Shares represented by existing blue share certificates in board lot of 1,000 Consolidated Shares will be established. Every existing certificate for whatever number of Existing Shares will be deemed to be a certificate, and will be effective as a document of title valid for settlement and delivery for trading transacted from Wednesday, 18th May, 2005 to Wednesday, 22nd June, 2005 for Consolidated Shares, in the amount equivalent to one twentieth of that number of Existing Shares. The existing blue share certificates for the Existing Shares can only be traded at this temporary counter;