10:08     SANDMARTIN INTERNATIONAL HOLDINGS LIMITED<00482> - Ann. (4)         

    BASIS OF ALLOTMENT UNDER THE PUBLIC OFFER                                 
                                                                              
    Subject to the satisfaction of the conditions set forth in the            
    section ``Structure of the Share Offer'' in the Prospectus, valid         
    applications made by the public on WHITE and YELLOW application           
    forms given to HKSCC will be allotted on the basis set forth              
    below:---                                                                 
                                                                              
    NO. OF SHARES APPLIED FOR   NO. OF VALID APPLICATIONS   BASIS OF          
    ALLOTMENT/BALLOT   APPROXIMATE PERCENTAGE OF THE TOTAL NO. OF             
    SHARES APPLIED FOR                                                        
                                                                              
    POOL A                                                                    
                                                                              
    2,000   342   71 out of 342 to receive 2,000 Shares   20.76%              
    4,000   37   15 out of 37 to receive 2,000 Shares   20.27%                
    6,000   27   17 out of 27 to receive 2,000 Shares   20.99%                
    8,000   21   6 out of 7 to receive 2,000 Shares   21.43%                  
    10,000   50   2,000 Shares plus 1 out of 50 to receive additional         
    2,000 Shares   20.40%                                                     
    12,000   13   2,000 Shares plus 3 out of 13 to receive additional         
    2,000 Shares   20.51%                                                     
    14,000   6   2,000 Shares plus 1 out of 2 to receive additional           
    2,000 Shares   21.43%                                                     
    16,000   5   2,000 Shares plus 3 out of 5 to receive additional           
    2,000 Shares   20.00%                                                     
    18,000   4   2,000 Shares plus 3 out of 4 to receive additional           
    2,000 Shares   19.44%                                                     
    20,000   34   4,000 Shares plus 1 out of 34 to receive additional         
    2,000 Shares   20.29%                                                     
    30,000   21   6,000 Shares plus 1 out of 21 to receive additional         
    2,000 Shares   20.32%                                                     
    40,000   11   8,000 Shares plus 1 out of 11 to receive additional         
    2,000 Shares   20.45%                                                     
    50,000   10   10,000 Shares plus 1 out of 10 to receive additional        
    2,000 Shares   20.40%                                                     
    60,000   4   12,000 Shares   20.00%                                       
    70,000   8   14,000 Shares plus 1 out of 8 to receive additional          
    2,000 Shares   20.36%                                                     
    80,000   5   16,000 Shares plus 1 out of 5 to receive additional          
    2,000 Shares   20.50%                                                     
    90,000   1   18,000 Shares   20.00%                                       
    100,000   42   20,000 Shares plus 1 out of 6 to receive additional        
    2,000 Shares   20.33%                                                     
    200,000   9   40,000 Shares plus 1 out of 3 to receive additional         
    2,000 Shares   20.33%                                                     
    300,000   8   60,000 Shares plus 1 out of 2 to receive additional         
    2,000 Shares   20.33%                                                     
    400,000   5   80,000 Shares plus 3 out of 5 to receive additional         
    2,000 Shares   20.30%                                                     
    500,000   1   102,000 Shares   20.40%                                     
    600,000   1   122,000 Shares   20.33%                                     
    700,000   1   142,000 Shares   20.29%                                     
    900,000   1   182,000 Shares   20.22%                                     
    1,000,000   3   202,000 Shares plus 2 out of 3 to receive                 
    additional 2,000 Shares   20.33%                                          
    1,300,000   1   264,000 Shares   20.31%                                   
    1,400,000   1   284,000 Shares   20.29%                                   
    1,800,000   1   366,000 Shares   20.33%                                   
    2,000,000   6   406,000 Shares plus 1 out of 6 to receive                 
    additional 2,000 Shares   20.32%                                          
    2,100,000   1   426,000 Shares   20.29%                                   
    2,500,000   1   502,000 Shares   20.08%                                   
       681                                                                    
                                                                              
    NO. OF SHARES APPLIED FOR   NO. OF VALID APPLICATIONS   BASIS OF          
    ALLOTMENT/BALLOT   APPROXIMATE PERCENTAGE OF THE TOTAL NO. OF             
    SHARES APPLIED FOR                                                        
                                                                              
    POOL B                                                                    
    3,800,000   1   3,800,000 Shares   100.00%                                
       1                                                                      
                                                                              
    BASIS OF ALLOTMENT FOR PINK FORM APPLICATIONS                             
                                                                              
    One valid application has been received from an eligible full-time        
    employee of the Group on PINK application forms for a total of 4,000      
    Public Offer Shares. Subject to the satisfaction of the conditions        
    set forth in the section ``Structure of the Share Offer'' in the          
    Prospectus, this application will be satisfied in full.