09:41     LENOVO GROUP<00992> - Announcement (2)                              

    General Atlantic Partners 81, L.P. (Note 4)  60,251  0.22%  5,239,821     
    GAPSTAR, LLC   9,750  0.03%  847,920                                      
    GAP Coinvestments III, LLC   42,566  0.15%  3,701,819                     
    GAP Coinvestments IV, LLC   11,100  0.04%  965,356                        
    GAPCO GmbH & Co. KG   1,219  0.00%  105,990                               
                                                                              
                                                                              
    Subtotal for General Atlantic Group (Note 3)  780,000  2.79%  67,833,564  
                                                                              
                                                                              
    Newbridge Asia Acquisition Company LLC  390,000  1.40%  33,916,782        
                                                                              
                                                                              
    Subtotal for Newbridge Group (Note 3)  390,000  1.40%  33,916,782         
                                                                              
                                                                              
    Total  2,730,000  9.80%  237,417,474                                      
                                                                              
                                                                              
    Notes:                                                                    
                                                                              
    1.  Assuming full conversion of the Convertible Preferred Shares.         
                                                                              
    2.  Each of TPG III Acquisition Company LLC, T3 II Acquisition Company,   
    LLC and TPG IV Acquisition Company, LLC are limited liability companies   
    wholly-owned by funds managed by TPG.                                     
                                                                              
    3.  The total numbers of Convertible Preferred Shares and Warrants        
    disclosed in the Circular to be issued to each of TPG, General Atlantic   
    Group and the Newbridge Group respectively are as follows:                
                                                                              
      Number of Convertible Preferred Shares  Number of Warrants              
                                                                              
    TPG  1,560,000  135,667,128                                               
    General Atlantic Group  780,000  67,833,564                               
    Newbridge Group   390,000  105,990                                        
                                                                              
                                                                              
    Total  2,730,000  237,417,474                                             
                                                                              
                                                                              
    4.  The general partner of General Atlantic Partners 81, L.P. is          
    General Atlantic LLC. General Atlantic LLC is also the sole member of     
    GAPSTAR, LLC. The general partner of General Atlantic Partners            
    (Bermuda), L.P. is GAP (Bermuda) Limited. The directors and senior        
    executive officers of GAP (Bermuda) Limited are Managing Directors of     
    General Atlantic LLC. In addition, the Managing Members of GAP            
    Coinvestments III, LLC and GAP Coinvestments IV, LLC are Managing         
    Directors of General Atlantic LLC. Finally, the Managing Directors of     
    General Atlantic LLC control the voting and investment power of GAPCO     
    GmbH & Co. KG and its general partner, GAPCO Management GmbH.             
                                                                              
    Whilst the Convertible Preferred Shares and the Warrants will not be      
    listed on the Stock Exchange or any other stock market, the Stock         
    Exchange has, subject to certain conditions, granted the listing of and   
    permission to deal in the Shares to be issued upon the exercise of the    
    Warrants and the conversion of the Convertible Preferred Shares.          
                                                                              
    USE OF PROCEEDS                                                           
                                                                              
    As disclosed in the announcement of the Company dated 4 May 2005          
    relating to the off-market repurchase of Non-voting Shares, subject to    
    having obtained all the necessary approvals, the Board intends to apply   
    the net proceeds from the issue of the Convertible Preferred Shares and   
    the Warrants (which is approximately US$347 million (approximately        
    HK$2,707 million)) as to approximately US$152,221,909 (approximately      
    HK$1,187,330,890) for the repurchase of 435,717,757 Non-voting Shares     
    allotted and issued to IBM as partial consideration for the acquisition   
    by the Company of the personal computer business of IBM. In the event     
    that the proposed share repurchase does not complete, the Company will    
    make a further announcement with respect to the use of such proceeds.     
    For further details relating to the proposed share repurchase, please     
    refer to the announcement of the Company dated 4 May 2005. The Board      
    intends to apply the balance of the net proceeds for general corporate    
    purposes.                                                                 
                                                                              
    SHAREHOLDING STRUCTURE                                                    
                                                                              
    Immediately following Closing, the shareholding structure of the          
    Company was as follows:                                                   
                                                                              
    Shareholding structure after the issue of Convertible Preferred Shares    
    and as at the date of this announcement