09:28     U-RIGHT INT'L<00627> - Announcement & Resumption (6)                

    the Prospectus;                                                           
                                                                              
    (f)        the posting of copies of the Prospectus Documents to the       
    Qualifying Holders and the posting of the Prospectus stamped "For         
    information only" to the Excluded Shareholders, in each case, on the      
    date of the Prospectus;                                                   
                                                                              
    (g)        the Listing Committee of the Stock Exchange (a) agreeing to    
    grant the listing of, and permission to deal in, the Offer Shares,        
    either unconditionally or subject to such conditions which the            
    Underwriter in its opinion accepts and the satisfaction of such           
    conditions (if any); and (b) not having withdrawn or revoked such         
    listing and permission on or before dealing date of the Offer Shares on   
    the Stock Exchange;                                                       
                                                                              
    (h)        if required, the Bermuda Monetary Authority having granted     
    the permission in respect of the issue of the Offer Shares;               
                                                                              
    (i)        the obligations of the Underwriter under the Underwriting      
    Agreement not being terminated by the Underwriter in accordance with the  
    terms of the Underwriting Agreement; and                                  
                                                                              
    (j)        the Shares remained listed on the Stock Exchange at all times  
    prior to the Dealing Date, and the current listing of the Shares not      
    having been withdrawn or the trading of the Shares not having been        
    suspended for a consecutive period of more than 10 trading days (other    
    than any suspension pending clearance of the announcement in relation to  
    the Open Offer) and no indication being received before 8:00 a.m. on the  
    Dealing Date from the Stock Exchange to the effect that such listing may  
    be withdrawn or objected to (or conditions will or may be attached        
    thereto) including but not limited to as a result of the Open Offer or    
    in connection with the terms of the Underwriting Agreement or for any     
    other reason.                                                             
                                                                              
    and so that in the event of the said conditions not being fulfilled or    
    waived on or before the respective dates aforesaid (or such later date    
    or dates as may be agreed between the Company and the Underwriter) or if  
    the Underwriting Agreement shall be rescinded pursuant to the terms of    
    the Underwriting Agreement, all obligations and liabilities of the        
    parties thereunder shall forthwith cease and determine and no party       
    shall have any claim against the others (save for any antecedent          
    breaches hereof).                                                         
                                                                              
    Neither the Company nor the Underwriter may waive conditions of           
    paragraphs (a) to (e), (g) and (h) above.                                 
                                                                              
    WARNING OF RISKS OF DEALING IN SHARES                                     
                                                                              
    The Open Offer is conditional upon the obligations of the Underwriter     
    under the Underwriting Agreement having become unconditional and the      
    Underwriter not having terminated the Underwriting Agreement in           
    accordance with the terms thereof. Shareholders and potential investors   
    should therefore exercise caution when dealing in Shares, and if they     
    are in any doubt about their positions, they should consult their         
    professional advisers.                                                    
                                                                              
    Shareholders should note that Shares will be dealt in on an               
    ex-entitlement basis commencing from Wednesday, 22 June 2005 and that     
    dealings in Shares will take place while the conditions to which the      
    Open Offer is subject remain unfulfilled. Any Shareholder or other        
    person dealing in Shares up to the date on which all conditions to which  
    the Open Offer is subject are fulfilled, will accordingly bear the risk   
    that the Open Offer cannot become unconditional and may not proceed. Any  
    Shareholder or other person contemplating selling or purchasing Shares    
    who is in any doubt about his/her/its position is recommended to consult  
    his/her/its own professional adviser.                                     
                                                                              
    Shareholding structure of the Company:                                    
                                                                              
    The following is the shareholding structure of the Company immediately    
    before and after completion of the Open Offer (assuming none of the       
    outstanding Warrants will be exercised before the Record Date):           
                                                                              
                            Immediately after                                 
                    Immediately after        completion of the                
                    completion of the        Open Offer (assuming all         
            Immediately before        Open Offer (assuming        Qualifying  
    Holders take up                                                           
            completion of the        no Qualifying Holder        their        
    respective entitlements                                                   
            Open Offer        takes up their entitlement)        under the    
    Open Offer)                                                               
            Shares                Per cent.                Shares             
    Per cent.                Shares        Per cent.                          
                            (approximately)