09:28     B.A.L. HOLD<08400> - Unusual price & volume movements               

                                                                              
    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 this announcement.                                   
                                                                              
    B. A. L. HOLDINGS LIMITED                                                 
    (Incorporated in the Cayman Islands with limited liability)               
    (Stock Code: 8079)                                                        
                                                                              
    UNUSUAL PRICE AND VOLUME MOVEMENT                                         
                                                                              
    The board of directors (the "Board") of B.A.L. Holdings Ltd (the          
    "Company") has noted the increase in the trading price and trading        
    volume of the shares of the Company today and wish to state that the      
    Board is not aware of any reasons for such increases.                     
                                                                              
    By Order of the Board                                                     
    B.A.L. Holdings Limited                                                   
    Siu York Chee                                                             
    Chairperson                                                               
    Hong Kong, 12 May 2005                                                    
                                                                              
    This announcement, for which the directors (the "Directors") of B.A.L.    
    Holdings Limited (the "Company") collectively and individually accept     
    responsibility, includes particulars given in compliance with the Rules   
    Governing the Listing of Securities on the Growth Enterprise Market of    
    The Stock Exchange of Hong Kong Limited (the "GEM Listing Rules") for     
    the purpose of giving information with regard to the Company. The         
    Directors, having made all reasonable enquiries, confirm that, to the     
    best of their knowledge and belief, (1) the information contained in      
    this announcement is accurate and complete in all material respects and   
    not misleading; (2) there are no other matters the omission of which      
    would make any statement in this announcement misleading; and (3) all     
    opinions expressed in this announcement have been arrived at after due    
    and careful consideration and are founded on bases and assumptions that   
    are fair and reasonable.                                                  
                                                                              
    The above announcement is a summary only. For the full version of this    
    announcement, please refer to the "Latest Company Announcements" page on  
    the GEM website of http://www.hkgem.com.