08:56     KARCE INTL HOLD<01159> - Results Announcement (2)                   

                                                                              
    The exercise price of the Company's outstanding share options was higher  
    than the average market price for shares in prior year and was therefore  
    not considered in the presentation of diluted earnings.  The Company did  
    not have any outstanding share options during the year or at the balance  
    sheet date.                                                               
                                                                              
    3.      Comparative figures                                               
                                                                              
    Negative goodwill released of approximately HK$374,000 for the year ended 
    31 December 2003 has been reclassified below the heading of "profit from  
    operations" and disclosed separately.                                     
                                                                              
    For more details, please refer to the press announcement today.