09:32     CHINA SPECIAL STEEL HOLDINGS COMPANY LIMITED<02889> - Ann.          

    The Stock Exchange has received a message from China Special Steel        
    Holdings Company Limited, a new listing applicant, which is reproduced as 
    follows:-                                                                 
                                                                         2005 
    "Announcement of the Offer Price, the level of                            
    indication of interest in the Placing,results                             
    of the applications and basis of allocation of                            
    the Public Offer Shares and the number of Offer                           
    Shares, if any, reallocated between the Placing                           
    and the Public Offer to be published in the South                         
    China Morning Post (in English) and the Hong Kong                         
    Economic Times (in Chinese) on . . . . . . . . . . . . . Wednesday, 18 May
                                                                              
    Despatch of share certificates and refund cheques                         
    in respect of wholly or partially unsuccessful                            
    applications on  . . . . . . . . . . . . . . . . ........Wednesday, 18 May
                                                                              
    Dealings in the Shares on the Stock Exchange to                           
    commence on . . . . . . . . . . . ........................Thursday, 19 May
                                                                              
    WHITE application forms:                                                  
                                                                              
    If you have applied for 1,000,000 Public Offer Shares or more and have    
    indicated on your application form that you will collect your share       
    certificate(s) and/or refund cheque (if any), you may collect it/them in  
    person from:                                                              
                                                                              
    Computershare Hong Kong Investor Services Limited                         
                                                                              
    between 9: 00 a.m. and 1: 00 p.m. on the date notified by the Company in  
    the newspapers as the date of despatch of share certificates and/or refund
    cheques. This date is expected to be on 18 May 2005.                      
                                                                              
    If you are an individual who opts for personal collection, you must not   
    authorise any other person to make collection on your behalf. If you are a
    corporate applicant which opts for personal collection, you must attend by
    your authorised representative bearing a letter of authorisation from     
    your corporation stamped with your corporation's chop. Both individuals   
    and authorised representatives (if applicable) must produce, at the time  
    of collection, evidence of identity acceptable to Computershare Hong Kong 
    Investor Services Limited.                                                
                                                                              
    If you do not collect your share certificate(s) and/or refund cheque (if  
    any) within the specified time available for collection, it/they will be  
    sent to the address on your application form shortly after 1: 00 p.m. on  
    the date of despatch by ordinary post at your own risk.                   
                                                                              
    If you have applied for 1,000,000 Public Offer Shares or more but have not
    indicated on your application form that you will collect your share       
    certificate(s) and/or refund cheque (if any) in person; or if you have    
    applied for less than 1,000,000 Public Offer Shares; or if your           
    application is rejected, not accepted or accepted in part only or if the  
    Offer Price as finally determined is less than the initial price per Share
    (excluding brokerage, SFC transaction levy, SFC investor compensation levy
    and Stock Exchange trading fee thereon) paid on application; or if the    
    conditions of the Public Offer described in the section headed ''Structure
    and conditions of the International Offering - Conditions of the          
    International Offering'' in this prospectus are not fulfilled in          
    accordance with their terms, or if any application is revoked or any      
    allotment pursuant thereto has become void, then your share certificate(s)
    and/or refund cheque (if any) in respect of the application monies or the 
    appropriate portion thereof, together with the related brokerage, SFC     
    transaction levy, SFC investor compensation levy and Stock Exchange       
    trading fee, if any, (without interest) will be sent to the address on    
    your application form on the date of despatch by ordinary post at your own
    risk.                                                                     
                                                                              
                                                                              
    19 May 2005"