Dragon Mining Limited — Share Issue/Capital Change 2004

Feb 26, 2004

Samson Paper Holdings 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.

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SAMSON PAPER HOLDINGS LIMITED 森信紙業集團有限公司 *

(incorporated in Bermuda with limited liability)

ADOPTION OF A NEW SHARE OPTION SCHEME AND

TERMINATION OF THE EXISTING SHARE OPTION SCHEME

At the SGM of the Company held on 26 February 2004, the resolution in relation to the adoption of the Scheme and the termination of the Existing Share Option Scheme of the Company was duly passed.

Reference is made to the circular of Samson Paper Holdings Limited (the “Company”) dated 9 February 2004 in respect of the proposals for adoption of the Scheme and termination of the Existing Share Option Scheme of the Company (the “Circular”). Terms used in this announcement shall have the same meanings as defined in the Circular unless stated otherwise.

The Board is pleased to announce that the resolution in relation to the adoption of the Scheme and the termination of the Existing Share Option Scheme was duly passed by the Shareholders at the SGM of the Company held on 26 February 2004.

The Directors confirm that the Scheme complies with Chapter 17 of the Listing Rules.

By Order of the Board of SAMSON PAPER HOLDINGS LIMITED Lee Yue Kong, Albert Company Secretary

Hong Kong, 26 February 2004

* For identification purpose only

Please also refer to the published version of this announcement in The Standard dated 27 February 2004.

Samson Paper Holdings Limited 27-2-2004

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