09:02     ASIA TELE-NET<00679> - Results Announcement (2)                     

                                                                              
    The computation of diluted earnings per share for                         
    the year ended 31st December, 2004 does not assume                        
    the exercise of the Company's share options as the                        
    exercise price of those options was higher than the                       
    average market price for shares for the year.                             
                                                                              
    No diluted loss per share for the nine months ended                       
    31st December, 2003 was presented as the exercise of                      
    the potential dilutive ordinary shares would result                       
    in reduction in loss per share.                                           
                                                                              
    The weighted average number of shares for the year/                       
    period for the purpose of basic earnings (loss) per                       
    share has been adjusted for the effect of share                           
    consolidation approved on 23rd April, 2004.                               
                                                                              
    For more details, please refer to the press announcement today.