10:03     FIRST PACIFIC<00142> - Announcement (1)                             

    The Stock Exchange of Hong Kong Limited takes no                          
    responsibility for the contents of this announcement,                     
    makes no representation as to its accuracy or                             
    completeness and expressly disclaims any liability                        
    whatsoever for any loss howsoever arising from or in                      
    reliance upon the whole or any part of the contents                       
    of this announcement.                                                     
                                                                              
    FIRST PACIFIC COMPANY LIMITED                                             
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code: 00142)                                                       
                                                                              
    ANNOUNCEMENT                                                              
    CONTINUING CONNECTED TRANSACTIONS                                         
                                                                              
    INTRODUCTION                                                              
    In the context of an overall review of the Group's                        
    corporate governance regime and reporting lines,                          
    which was initiated by the Company's senior                               
    management in 2004, the Company has undertaken a                          
    comprehensive Group wide review designed to elicit                        
    detailed information in relation to all connected or                      
    potentially connected transactions under the Listing                      
    Rules involving the Company or its subsidiaries. As                       
    a result of that review, the Company identified the                       
    following four series of continuing connected                             
    transactions in respect of the financial year ended                       
    31st December, 2004, involving Indofood or its                            
    subsidiaries, which should have been previously                           
    disclosed to shareholders at the time such                                
    arrangements were entered into under the Listing                          
    Rules:                                                                    
                                                                              
    1.      Transactions relating to the Noodle Business of                   
    the Indofood Group - a series of related continuing                       
    connected transactions relating to Indofood's noodle                      
    business, in an aggregate amount of approximately                         
    US$14.8 million. These transactions principally                           
    relate to the provision of raw materials or finished                      
    and packaging products, the provision of related                          
    technical services and the licensing of related                           
    trademarks to connected persons.                                          
                                                                              
    2.      Transactions relating to the Flour Business of the                
    Indofood Group - a series of related continuing                           
    connected transactions relating to Indofood's flour                       
    business carried on by its Bogasari Flour Mills                           
    division, in an aggregate amount of approximately                         
    US$5.6 million. These transactions principally                            
    relate to the provision or purchase of raw materials                      
    or finished and packaging products and purchase of                        
    refined flour by connected persons.                                       
                                                                              
    3.      Transactions relating to the Distribution                         
    Business of the Indofood Group - a series of related                      
    continuing connected transactions relating to                             
    Indofood's distribution division, in an aggregate                         
    amount of approximately US$15.4 million. These                            
    transactions principally relate to the distribution                       
    by Indofood's subsidiary, PT Indomarco Adi Prima, of                      
    biscuits, foodstuffs, beverages and other consumer                        
    products for or through connected persons.                                
                                                                              
    4.      Transactions relating to the Continuing Financing                 
    Arrangements - a series of continuing financing                           
    arrangements involving connected persons, in an                           
    aggregate amount of approximately US$7.4 million on                       
    the basis of the 2004 year end balance, or US$10.3                        
    million if the maximum outstanding balance during the                     
    financial year ended 31st December 2004 is used.                          
                                                                              
    DETAILS OF THE CONTINUING CONNECTED TRANSACTIONS