08:49     INT'L ENT<08118> - Unusual price & volume movements (1)             

                                                                              
    This announcement is made at the request of The Stock                     
    Exchange of Hong Kong Limited. 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.                                                             
                                                                              
    INTERNATIONAL ENTERTAINMENT CORPORATION                                   
    (Incorporated in the Cayman Islands with limited                          
    liability)                                                                
    (Stock Code: 8118)                                                        
                                                                              
    ANNOUNCEMENT                                                              
                                                                              
    The board of the directors (the "Board") of                               
    International Entertainment Corporation (the                              
    "Company") has noted the increases in the price and                       
    trading volume of the shares of the Company (the                          
    "Shares") today and wishes to state that save for the                     
    disposals of 2,000 Shares representing 0.0008% of the                     
    existing issued share capital of the Company at                           
    HKD7.00 per Share, 38,000 Shares representing 0.0161%                     
    of the existing issued share capital of the Company                       
    at HKD7.00 per Share, and 2,000 Shares representing                       
    0.0008% of the existing issued share capital of the                       
    Company at HKD7.00 per Share in the open market on                        
    23 May 2005, 26 May 2005 and 27 May 2005 respectively                     
    by Mr. So Kam Wing, an executive director of the                          
    Company, and the articles appearing in various                            
    newspapers today (the "Articles") in relation to the                      
    Company, the Board is not aware of any reasons for                        
    such increases.                                                           
                                                                              
    The Board also wishes to clarify that certain amounts                     
    of future revenue stated in the Articles were                             
    estimated by Philippines Amusement and Gaming                             
    Corporation ("PAGCOR"). The Company is not in a                           
    position to comment on the accuracy of any estimation                     
    made by PAGCOR. Investors should not rely on those                        
    amounts of revenue stated in the Articles and should                      
    exercise caution when dealing in the Shares.                              
                                                                              
    The Board also confirms that save as disclosed above,                     
    there are no negotiations or agreements relating to                       
    intended acquisitions or realizations which are                           
    discloseable under Chapters 19 to 20 of the Rules                         
    Governing the Listing of Securities on the Growth                         
    Enterprise Market of The Stock Exchange of Hong Kong                      
    Limited (the "GEM Listing Rules"), neither is the                         
    Board 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.                                                                   
                                                                              
    Made by the order of the Board, the directors of which                    
    collectively and individually accept responsibility                       
    for the accuracy of this announcement.                                    
                                                                              
    By order of the Board                                                     
    International Entertainment Corporation                                   
    Kwok Chi Kin                                                              
    Company Secretary                                                         
                                                                              
    Hong Kong, 30 May 2005                                                    
                                                                              
    As at the date of this announcement, the Board                            
    comprises the following members:                                          
                                                                              
    Executive Directors:                                                      
    Cheng Kar Shun (Chairman)