10:05     NWS HOLDINGS<00659> -  Announcement (6)                             

    A circular containing, among other things, a notice convening the SGM,    
    further details of the Continuing Connected Transactions, a letter        
    from the Independent Board Committee and a letter from Commerzbank        
    will be despatched to the Shareholders as soon as practicable.            
                                                                              
    7.   INFORMATION REGARDING THE GROUP AND THE NWD GROUP                    
                                                                              
    The Group's principal businesses include: (i) the investment in           
    and/or operation of facilities, contracting and transport; and (ii)       
    the development, investment, operation and/or management of power         
    plants, water treatment and waste management plants, roads as well        
    as container terminals.                                                   
                                                                              
    The NWD Group is principally engaged in property development,             
    property investments, hotel and infrastructure investments, services      
    and telecommunications and technology business, primarily in Hong         
    Kong and the PRC.                                                         
                                                                              
    8.   DEFINITIONS                                                          
                                                                              
    In this announcement, the following expressions shall have the            
    meanings set out below unless the context requires otherwise:             
                                                                              
    Cleaning and Landscaping Services   cleaning, landscaping and             
    related services as described in Section 2 of this announcement           
                                                                              
    Commerzbank   Commerzbank AG acting through its Hong Kong Branch, the     
    independent financial adviser to the Independent Board Committee in       
    relation to the Continuing Connected Transactions                         
                                                                              
    Company   NWS Holdings Limited, a company incorporated in Bermuda         
    with limited liability, the shares of which are listed on the main        
    board of the Stock Exchange                                               
                                                                              
    Conditional Waiver   the conditional waiver obtained by the Company       
    from the Stock Exchange on 8 April 2003 from strict compliance with       
    the connected transactions requirements under the then Listing Rules      
                                                                              
    connected person   has the meaning ascribed to it in the Listing Rules    
                                                                              
    Continuing Connected Transactions   the Operational Services, the         
    Other Services and the continuing connected transactions under the        
    Conditional Waiver                                                        
                                                                              
    Contracting Services   construction, engineering and related              
    services as described in Section 2 of this announcement                   
                                                                              
    Directors   directors of the Company                                      
                                                                              
    E & M Engineering Services   electrical and mechanical engineering        
    works, supply and installation of air-conditioning, heating and           
    ventilation systems, fire services systems, plumbing and drainage         
    systems and electrical systems, system design and consultancy, and        
    computer aided drafting services provided by the Group to the NWD         
    Group pursuant to the Conditional Waiver                                  
                                                                              
    Engagement Undertaking   the deed of non-competition and engagement       
    undertakings dated 29 January 2003 entered into between NWD and the       
    Company, details of which are contained in Section 1 of this              
    announcement                                                              
                                                                              
    Facility Management Services   facility management, information           
    technology and related services as described in Section 2 of this         
    announcement                                                              
                                                                              
    Financial Services   insurance brokerage and related services as          
    described in Section 2 of this announcement                               
                                                                              
    Group   the Company and its subsidiaries                                  
                                                                              
    Hong Kong   the Hong Kong Special Administrative Region of the PRC        
                                                                              
    Independent Board Committee   the independent board committee             
    comprising the independent non-executive directors of the Company for     
    the purpose of advising the Independent Shareholders in connection        
    with the Continuing Connected Transactions                                
                                                                              
    Independent Shareholders   Shareholders other than NWD and its            
    associates (as defined under the Listing Rules)                           
                                                                              
    Listing Rules   the Rules Governing the Listing of Securities on the      
    Stock Exchange                                                            
                                                                              
    Management Services   management services provided by the Group to        
    the NWD Group for its hotel-related businesses and other development      
    projects in Hong Kong and the PRC                                         
                                                                              
    Master Services Agreement   the master services agreement entered         
    into between the Company and NWD on 30 May 2005