DIT Group Limited — M&A Activity 1999

May 25, 1999

Listed Company Information

SOUTH EAST GP<0726> - Exceptional Price Movement The Stock Exchange has received a message from South East Group Limited which is reproduced as follows:- "This statement is made at the request of The Stock Exchange of Hong Kong Limited. We have noted the increase in the price of the shares of the Company and wish to state that we are not aware of any reasons for such increase save as stated as follows:- The Company noted that the Takeovers Panel (the "Panel") of Securities and Futures Commission ruled on May 21, 1999 that Madam Cheong Swee Kheng ("Madam Cheong", who is the Chairman of the Company), Dr. Hendra Rahardja ("Dr Hendra", who is the husband of Madam Cheong) and Fortune Grand Investment Limited ("Fortune Grand", which is owned as to 80% by Dr. Hendra, 10% by Madam Cheong and 10% by a close relative of Dr. Hendra) (the "parties") make an immediate mandatory cash offer at $0.08 per share for shares in the Company. The Panel also ruled that if the parties fail to make a general offer within 3 months of its ruling, the Panel will immediately impose an order denying Madam Cheong, Dr. Hendra, Fortune Grand and any private companies directly or indirectly controlled by them, access to the securities markets for a period of 12 months. The parties have 7 days from the receipt of the Panel's written reasons within which to apply to the Takeovers Appeal Committee for a review of the appropriateness of the sanctions imposed by the Panel. The Company has been informed by the Parties that the Parties are aware of the above ruling and they have no comments thereon. Save as disclosed above, we confirm that there are no negotiations or agreements relating to intended acquisitions or realisations which are discloseable under paragraph 3 of the Listing Agreement, neither is the Board aware of any matter discloseable under the general obligation imposed by paragraph 2 of the Listing Agreement, which is or may be of a price-sensitive nature. Warning: the parties may or may not go ahead with the general offer. Investors should exercise caution when dealing in shares of the Company. This statement is made by the order of the Board, the directors of which individually and jointly accept responsibility for the accuracy of this statement. For and on behalf of the Board of Directors of South East Group Limited Cheong Swee Kheng Chairman 25 May 1999"