DIT Group Limited — Major Shareholding Notification 2001

Mar 15, 2001

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.

SOUTH EAST GROUP LIMITED

(Incorporated in Bermuda with limited liability)

This statement is made at the request of The Stock Exchange of Hong Kong Limited.

The board of directors (the "Board") of the Company has noted today's increase in price and trading volume of the shares of the Company. The Board wishes to inform shareholders of the Company that Fortune Grand Investment Limited ("Fortune Grand"), a substantial shareholder of the Company, purchases from Prestbury Incorporated Limited ("Prestbury"), another substantial shareholder of the Company, a total of 145 million shares, which represent approximately 4.39% of the existing issued share capital of the Company, at the consideration of HK$0.016 per share today. Madam Cheong Swee Kheng, the Chairman to the board of directors of the Company, is in association with Fortune Grand by virtue of her, her husband and their family member together being the beneficial owners of the entire share capital of Fortune Grand, of which she and her husband are directors. Mr. Cahyadi Kumala Kwee, a director of the Company, is in association with Prestbury by virtue of his being the director who wholly and beneficially owns the entire issued share capital of Prestbury.

Save as disclosed above, the Board confirms that there are no negotiations or agreements relating to intended acquisitions or realizations 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 of a price-sensitive nature.

Made by the order of the Board of South East Group Limited, the directors of which individually and jointly accept responsibility for the accuracy of this statement.

By order of the Board

Martin Liu

Director

Hong Kong, 14th March 2001

Please also refer to the published version of this announcement in the Hong Kong iMail.