09:24     DICKSON CONCEPT<00113> - Announcement (3)                           

          (iii)  the Continuing Connected Transactions have been entered      
                 into in accordance with the terms of the Agreement; and      
                                                                              
          (iv)   the annual caps set out in paragraphs (a) above have         
                 been exceeded.                                               
                                                                              
          Where, for whatever reason, the auditors decline to accept          
          the engagement or are unable to provide the letter referred         
          to in paragraph (d) above, the Directors will contact the           
          Listing Division of the Stock Exchange immediately;                 
                                                                              
    (e)  details of the Continuing Connected Transactions in each             
         financial year will be disclosed in the annual report of the         
         Company for that financial year together with a statement of         
         the opinion of the independent non-executive Directors and           
         confirmation from the auditors of the Company referred to in         
         paragraphs (c) and (d) above; and                                    
                                                                              
    (f)  the DTG Group will provide to the Stock Exchange an undertaking      
         that, for so long as the Company's shares are listed on the          
         Stock Exchange, it will provide the Company's auditors with          
         full access to its relevant records for the purpose of the           
         auditors' review of the Continuing Connected Transactions            
         referred to in paragraph (d) above.                                  
                                                                              
    SGM                                                                       
                                                                              
    Given the above, the SGM will be convened as soon as practicable at       
    which resolution(s) will be proposed to approve the Continuing            
    Connected Transactions and the annual caps of the Continuing              
    Connected Transactions.  In view of the interest of Mr. Dickson Poon      
    in the Continuing Connected Transactions, he and his associates will      
    abstain from voting at the SGM.                                           
                                                                              
    GENERAL                                                                   
                                                                              
    The Company is an investment holding company and the Group is             
    principally engaged in the sale of luxury goods with over 380 retail      
    outlets throughout Asia.                                                  
                                                                              
    An Independent Board Committee comprising the independent                 
    non-executive Directors, namely Mr. Bhanusak Asvaintra, Mr. Nicholas      
    Peter Etches and Mr. Christopher Patrick Langley has been                 
    established to advise the Independent Shareholders in respect of the      
    terms of the Agreement and the annual caps.  In connection                
    therewith, Anglo Chinese Corporate Finance, Limited has been              
    appointed as the independent financial adviser to advise the              
    Independent Board Committee and the Independent Shareholders.             
                                                                              
    A circular containing, among other matters, (i) the details of the        
    Continuing Connected Transactions; (ii) the advice of the                 
    Independent Board Committee to the Independent Shareholders; (iii)        
    the advice of the independent financial adviser to the Independent        
    Board Committee and the Independent Shareholders; and (iv) the            
    notice of the SGM will be despatched to the shareholders of the           
    Company as soon as practicable.                                           
                                                                              
    In this announcement, the following expressions have the meanings         
    set out below unless the context requires otherwise:                      
                                                                              
    "Agreement"                          the merchandise sale and             
                                         purchase agreement entered into      
                                         between DCWL and Dickson Trading     
                                         (S) on 25th April, 2005              
                                                                              
    "associates"                         has the meaning as ascribed          
                                         under the Listing Rules              
                                                                              
    "Board"                              the board of Directors               
                                                                              
    "Company"                            Dickson Concepts (International)     
                                         Limited, a company incorporated      
                                         in Bermuda with limited              
                                         liability, the shares of which       
                                         are listed on the Stock Exchange     
                                                                              
    "Continuing Connected Transactions"  the continuing connected             
                                         transactions of the Company          
                                         regarding the Sales of               
                                         Merchandise contemplated under       
                                         the Agreement