09:19     AGL MEDIATECH<08192> - Unusual price & volume movements             

                                                                              
    The Stock Exchange of Hong Kong Limited (the "Stock Exchange") 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 the contents of this         
    announcement.                                                             
                                                                              
    AGL MediaTech Holdings Limited                                            
    (incorporated in the Cayman Islands with limited liability)               
    (Stock code: 8192)                                                        
                                                                              
    Announcement                                                              
                                                                              
    The board of directors (the "Board") of AGL MediaTech Holdings Limited    
    (the "Company") noted today's increase in trading volume and decrease in  
    price of the shares of the Company and wish to state that it is not       
    aware of any reasons for such increase in trading volume and decrease in  
    price of the shares of the Company.                                       
                                                                              
    The Board also confirms that there are no negotiations or agreements      
    relating to intended acquisitions or realizations which are discloseable  
    under Chapters 19 and 20 of the Rules Governing the Listing of            
    Securities on the Growth Enterprise Market of the Stock Exchange (the     
    "GEM Listing Rules"). The Board is not aware of any matter discloseable   
    under the general obligation imposed by Rule 17.10 of the GEM Listing     
    Rules, which is or may be of a price-sensitive nature.                    
                                                                              
    As at the date of the announcement, the Board comprises the following     
    Directors:                                                                
                                                                              
    Executive Directors:                                                      
    Chu Yen Ling                                                              
    Matthew Timothy D'Albertson                                               
                                                                              
    Independent non-executive Directors:                                      
    Lu Da                                                                     
    Lau Man Yiu                                                               
    Xue Xiaoyi                                                                
                                                                              
    By order of the Board                                                     
    AGL MediaTech Holdings Limited                                            
    Chu Yen Ling                                                              
    Chairman                                                                  
                                                                              
    Hong Kong, 24 May 2005                                                    
                                                                              
    This announcement, for which the Directors collectively and individually  
    accept full responsibility, includes particulars given in compliance      
    with 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.    
                                                                              
    This announcement will remain on the "Latest Company Announcements" page  
    of the GEM website for at least seven days from the day of its posting    
    and on the website of the Company at                                      
    www.agl-mediatech.com.