CPM Group Limited — Earnings Release 2003

May 20, 2003

Listed Company Information

UBA INVESTMENTS<00768> - Results Announcement UBA Investments Limited announced on 20/05/2003: (stock code: 00768 ) Year end date: 31/03/2003 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/04/2002 from 01/04/2001 to 31/03/2003 to 31/03/2002 Note ($ ) ($ ) Turnover : 8,179,890 27,799,964 Profit/(Loss) from Operations : (18,157,102) 14,055,116 Finance cost : (61,113) (408) Share of Profit/(Loss) of Associates : 0 0 Share of Profit/(Loss) of Jointly Controlled Entities : 0 0 Profit/(Loss) after Tax & MI : (18,018,215) 14,054,708 % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : (0.017) 0.014 -Diluted (in dollars) : N/A 0.014 Extraordinary (ETD) Gain/(Loss) : 0 0 Profit/(Loss) after ETD Items : (18,018,215) 14,054,708 Final Dividend : NIL NIL per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : N/A Payable Date : N/A B/C Dates for Annual General Meeting : 02/07/2003 to 08/07/2003bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: 1. Turnover and revenue The Group principally invests in listed and unlisted securities, including equity securities and convertible bonds. 2003 2002 HK$ HK$ Proceeds from sale of listed securities 2,697,639 27,510,942 Dividend income from: - Listed equity securities 1,062,251 289,022 - Unlisted equity securities 4,420,000 0 --------- ---------- 8,179,890 27,799,964 ========= ========== No analysis of the Group's turnover and contribution to operating loss for the year set out by principal activities and geographical markets is provided as the Group has only one single business segment, investment holding, and all the consolidated turnover and the consolidated results of the Group are attributable to markets in Hong Kong. 2. (Loss) earnings per share The calculation of basic (loss) earnings per share is based on the Group's loss attributable to shareholders of HK$18,018,215 (2002: profits of HK$ 14,054,708) and the weighted average of 1,048,671,500 (2002: 1,010,714,000) ordinary shares in issue during the year. There was no dilution effect on the basic loss per share for the year ended March 31, 2003 as all subscription rights attaching to the 2002 warrants lapsed on June 30, 2002. The diluted earnings per share for the year ended March 31, 2002 was based on 1,033,105,658 ordinary shares which was the weighted average of 1,010,714,000 ordinary shares in issue during the year plus the weighted average of 22,391,658 ordinary shares deemed to be issued at no consideration if all outstanding warrants had been exercised during that year.