09:17     CAPITAL ESTATE<00193> - Unusual price & volume movements            

    The Stock Exchange has received a message from Capital Estate Limited     
    which is reproduced as follows:-                                          
                                                                              
    "This statement is made at the request of The Stock Exchange of Hong Kong 
    Limited.                                                                  
                                                                              
    We have noted the fluctuation in the share price and increase in the      
    trading volume of the shares of the Company today and wish to state that  
    we are not aware of any reasons for such fluctuation and increase.        
                                                                              
    Save for the announcement dated 11 April, 2005, we confirm that there are 
    no negotiations or agreements relating to intended acquisitions or        
    realizations which are discloseable under rule 13.23, neither is the Board
    aware of any matter discloseable under the general obligation imposed by  
    rule 13.09, which is or may be of a price-sensitive nature.               
                                                                              
    Made by the order of the Board of Capital Estate Limited, the directors of
    which individually and jointly accept responsibility for the accuracy of  
    this statement.                                                           
                                                                              
                                                                              
    Ma Wai Man, Catherine                                                     
    Company Secretary                                                         
    26 April, 2005                                                            
                                                                              
    Executive Directors:-                                                     
    Choo Yeow Ming (Executive Chairman)                                       
    Ng Kai Man, Luke (Deputy Chairman)                                        
    Ma Wai Man, Catherine                                                     
    Chow Hou Man                                                              
                                                                              
    Independent Non-Executive Directors:-                                     
    Miu, Frank H.                                                             
    Sin Chi Fai                                                               
    Ng Yuk Yee, Feona"