09:10     APTUS HOLDINGS<08212> - Quarterly Results Announcement (2)          

                                                                              
    4. Taxation                                                               
                                                                              
    No Hong Kong profits tax has been provided as the Group did not           
    generate any assessable profits in Hong Kong during the period            
    (2004: Nil). Taxes on profits assessable elsewhere have been              
    calculated at the rates of tax prevailing in the countries in             
    which the Group operates, based on existing legislations,                 
    interpretation and practices in respect thereof.                          
                                                                              
    The Group and the Company have no significant potential deferred          
    tax liabilities for which provision has not been made.                    
                                                                              
    5. Dividend                                                               
                                                                              
    No dividends have been paid or declared by the Company during             
    the period (2004: Nil).                                                   
                                                                              
    6. Loss per share                                                         
                                                                              
    The calculation of basic loss per share is based on the unaudited         
    loss for the six months ended 31 March 2005 of approximately              
    HK$956,000 (six months ended 31 March 2004: approximately                 
    HK$3.9million) and of the weighted average number of approximately        
    1,546,831,428 (six months ended 31 March 2004: approximately              
    618,260,000) ordinary shares in issue.                                    
                                                                              
    The calculation of diluted loss per share is based on the unaudited loss  
    for the six months ended 31 March 2005 of approximately                   
    HK$956,000 and of the weighted average number of approximately            
    1,679,282,215 ordinary shares in issue during the period. There was       
    no diluted loss per share presented for the six months ended 31 March     
    2004 as there was no dilutive effect in that period.