10:07     HGC HOLDINGS<00757> - Announcement (3)                              

    "Supplemental Credit Facility   the agreement dated 13 May 2005           
    and made between the Company, HIL and HTIHK setting out, among            
      Agreement"    others, the variations to the terms of the Credit         
    Facility Agreement;                                                       
                                                                              
    "Takeovers Code"        The Code on Takeovers and Mergers; and            
                                                                              
    "HK$"   Hong Kong dollars, the lawful currency of Hong Kong.              
                                                                              
    As at the date of this announcement, the Directors are:                   
                                                                              
    Executive Directors:    Non-executive Directors:                          
    Mr. Fok Kin-ning, Canning (Chairman)    Mr. Tuan LAM                      
    Mr. LAI Kai Ming, Dominic (Deputy Chairman)     Mr. YANG Paul             
    Chunyao                                                                   
    Mrs. CHOW WOO Mo Fong, Susan    (alternate to Mr. Tuan Lam)               
    Mr. Frank John SIXT                                                       
    Mr. Dennis Pok Man LUI                                                    
    Mr. WONG King Fai, Peter        Independent Non-executive Directors:      
    Mr. KAN Ka Wing, Frankie        Mr. CHENG Ming Fun, Paul                  
    Ms. CHAN Wen Mee, May   Mr. CHEONG Ying Chew, Henry                       
    Mr. LAM Hon Nam Dr. LAM Lee G.                                            
                                                                              
    By Order of the Board                                                     
                                                                              
    Edith Shih                                                                
    Company Secretary                                                         
                                                                              
    Hong Kong,13 May 2005