09:10     BALTRANS HOLD<00562> - Announcement                                 

    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.                   
                                                                              
    BALTRANS HOLDINGS LIMITED                                                 
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code : 562)                                                        
    (the "Company")                                                           
                                                                              
    Approval of disposal of 90% interests in Fond Express Logistics Limited   
    and Fondair Express (HK) Limited                                          
                                                                              
    The shareholders of the Company approved the disposal of 90% interests    
    in Fond Express Logistics Limited and Fondair Express (HK) Limited at     
    the special general meeting held on 9th May, 2005.                        
                                                                              
    The board of directors of the Company announces that the shareholders of  
    the Company passed an ordinary resolution approving the disposal of 90%   
    interests in Fond Express Logistics Limited and Fondair Express (HK)      
    Limited (the "Resolution") by poll at the special general meeting held    
    on 9th May, 2005 (the "SGM").                                             
                                                                              
    The Company appointed Abacus Share Registrars Limited (the branch share   
    registrar of the Company) as scrutineer for the vote taking at the SGM.   
                                                                              
    At the SGM, there were :                                                  
                                                                              
    1.        a total of 301,500,500 shares entitling the holders to attend   
    the meeting and vote for or against the Resolution; and                   
                                                                              
    2.        a total of 222,940,100 shares voted for the Resolution and no   
    share voted against the Resolution.                                       
                                                                              
    There was no share entitling the holder to attend the SGM and vote only   
    against the Resolution pursuant to the Listing Rules.                     
                                                                              
    As at the date of this announcement, the executive directors of the       
    Company comprise Mr. Lau Siu Wing Anthony and Mr. Ng Hooi Chong;          
    non-executive directors comprise Mr. Peter James Holland Riley, Mr.       
    William Hugh Purton Bird, Mr. Christopher John David Clarke and Mr. Wai   
    Chung Hung David; and independent non-executive directors comprise Mr.    
    Yu Hon To David, Ms. Lau Kin Yee Miriam and Mr. Ng Cheung Shing.          
                                                                              
    By Order of the Board                                                     
    Lau Siu Wing Anthony                                                      
    Chairman                                                                  
                                                                              
    Hong Kong, 9th May, 2005