08:45     LIPPO<00226> - Results Announcement                                 

    Lippo Limited announced on 22/04/2005:                                    
    (stock code: 00226 )                                                      
    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                        1  : 2,827,300          1,811,747         
    Profit/(Loss) from Operations      : 315,599            351,662           
    Finance cost                       : (32,744)           (42,495)          
    Share of Profit/(Loss) of                                                 
      Associates                       : 60,679             52,458            
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : 178,438            167,488           
    % Change over Last Period          : +6.54     %                          
    EPS/(LPS)-Basic (in dollars)    2  : 0.41               0.38              
             -Diluted (in dollars)  2  : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 178,438            167,488           
    Final Dividend                     : 2 cents            2 cents           
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 30/05/2005         to 03/06/2005 bdi.
    Payable Date                       : 30/06/2005                           
    B/C Dates for (-)                                                         
      General Meeting                  : N/A                                  
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
                                                                              
    1.  Turnover                                                              
                                                                              
                                                                              
    Turnover represents the aggregate of gross income on treasury investment  
    which includes interest income on bank deposits and held-to-maturity      
    securities, gross rental income, gross proceeds from sales of properties  
    and investments, gross income from underwriting and securities broking,   
    sales income from food businesses, interest and other income from money   
    lending business, gross income from licensing of software, gross income   
    from property management, gross income from fund management, dividend     
    income and net interest income, commissions, dealing income and other     
    revenues from a banking subsidiary.                                       
                                                                              
                                                                              
    2.  Earnings per share Turnover                                           
                                                                              
                                                                              
    (a) Basic earnings per share                                              
                                                                              
    Basic earnings per share is calculated based on (i) the net profit from   
    ordinary activities attributable to shareholders of HK$178,438,000        
    (2003 - HK$167,488,000); and (ii) the weighted average number of          
    435,202,000 shares (2003 - 438,122,000 shares) in issue during the year.  
                                                                              
    (b) Diluted earnings per share                                            
                                                                              
    No diluted earnings per share is presented for the years ended            
    31st December, 2004 and 2003 as there were no dilutive potential ordinary 
    shares during these years.                                                
                                                                              
    For more details, please refer to the press announcement today.