09:11     SHELL ELECTRIC<00081> - Announcement                                

    The Stock Exchange of Hong Kong Limited 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.                                                     
                                                                              
    SHELL ELECTRIC MFG. (HOLDINGS) COMPANY LIMITED                            
    (Incorporated in Hong Kong with limited liability                         
    under the Companies Ordinance)                                            
    (Stock Code : 00081)                                                      
                                                                              
    EXTENSION OF TIME FOR DISPATCH OF THE MAJOR                               
    TRANSACTION CIRCULAR                                                      
    FOR                                                                       
    PROPOSED ACQUISITION OF SHARES IN A COMPANY INVOLVING                     
    IN THE BUSINESS OF PROPERTY DEVELOPMENT IN THE PRC                        
                                                                              
    An application has been made to the Stock Exchange                        
    for an extension of time for the dispatch of the                          
    circular with regard to the Acquisition to the                            
    Shareholders to a date on or before 21 June 2005.                         
                                                                              
    The Board refers to the announcement dated 10 May 2005                    
    made by the Company ("Announcement") in relation to                       
    the Acquisition. Terms used herein shall bear the same                    
    meanings as those defined in the Announcement.                            
                                                                              
    Pursuant to Rule 14.38 of the Listing Rules, a                            
    circular containing, amongst other things, details                        
    of the Acquisition, is required to be dispatched to                       
    the Shareholders within 21 days of the date after                         
    publication of the Announcement, being not later than                     
    31 May 2005.                                                              
                                                                              
    Since additional time is required to (i) compile the                      
    accountants' report on Tigerlily and EB Real Estate                       
    (the companies being acquired) in accordance with the                     
    accounting standards and practices of Hong Kong and                       
    (ii) a pro forma statement of the enlarged group                          
    pursuant to Rule 14.67 of the Listing Rules for the                       
    inclusion in the circular, an application has been                        
    made to the Stock Exchange for an extension of time                       
    for the dispatch of the abovementioned circular to                        
    a date on or before 21 June 2005.                                         
                                                                              
    By Order of the Board                                                     
    Peter Lee Yip Wah                                                         
    Secretary                                                                 
                                                                              
    Hong Kong, 27 May 2005                                                    
                                                                              
    As at the date hereof, the Board comprises of Mr. Billy                   
    K YUNG, Madam YUNG HO Wun Ching, Mr. LEUNG Chun Wah                       
    and Mr. Plato POON Chak Sang as executive Directors,                      
    Mr. Simon YUNG Kwok Choi as non-executive Director                        
    and Dr. Leo Tung-Hai LEE, Mr. Shiu-Kit NGAI, Mr. Peter                    
    WONG Chung On and Mr. Peter LAM as independent                            
    non-executive Directors.