13:31     OCEAN GRAND<01220> - Results Announcement                           

    Ocean Grand Holdings Limited announced on 22/04/2005:                     
    (stock code: 01220 )                                                      
    Year end date: 31/12/2004                                                 
    Currency: HKD                                                             
    Auditors' Report: Unqualified                                             
                                                                              
                                                            (Audited   )      
                                         (Audited   )       Last              
                                         Current            Corresponding     
                                         Period             Period            
                                         from 01/01/2004    from 01/01/2003   
                                         to 31/12/2004      to 31/12/2003     
                                   Note  ('000      )       ('000      )      
    Turnover                           : 2,832,638          2,067,758         
    Profit/(Loss) from Operations      : 245,304            197,652           
    Finance cost                       : (31,484)           (27,459)          
    Share of Profit/(Loss) of                                                 
      Associates                       : 22,125             25,796            
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : 174,088            149,546           
    % Change over Last Period          : +16.4     %                          
    EPS/(LPS)-Basic (in dollars)       : 0.41               0.37              
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 174,088            149,546           
    Final Dividend                     : $0.065             $0.065            
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 07/06/2005         to 10/06/2005 bdi.
    Payable Date                       : 15/07/2005                           
    B/C Dates for Annual                                                      
      General Meeting                  : 07/06/2005         to 10/06/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
    EARNINGS PER SHARE                                                        
                                                                              
    The calculation of basic earnings per share for the year ended 31 December
    2004 is based on the consolidated profit attributable to shareholders of  
    approximately HK$174,088,000 (2003: HK$149,546,000) and on the weighted   
    average number of 420,604,715 (2003: 402,475,042) ordinary shares.        
                                                                              
    The diluted earnings per share for 2004 and 2003 are not shown as it is   
    not materially different from the basic earnings per share.