Esprit Holdings Limited — Director's Dealing 2005

Mar 15, 2005

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.

==> picture [174 x 35] intentionally omitted <==

THE GRANDE HOLDINGS LIMITED 嘉域集團有限公司

(Incorporated in Bermuda with limited liability) (Stock Code: 186)

ANNOUNCEMENT

The Directors has noted the recent increase in the trading volume of the shares of the Company and wish to state that save for the disposal today of 21,000,000 shares on the market by “Barrican”, a substantial shareholder of the Company that Mr. Christopher W. Ho, the chairman of the Company has a 100% deemed beneficial interest, they are not aware of any reason for such increase. Immediately after the transaction, the shareholding of Barrican will decrease from 66.94% to 62.38%.

Shareholders and investors should exercise caution in dealing in the shares.

This announcement is made at the request of the Stock Exchange of Hong Kong Limited (the “Stock Exchange”).

The Directors of The Grande Holdings Limited (the “Company”) has noted the recent increase in the trading volume of the shares of the Company and wish to state that, they are not aware of any reason for such increase save for the following.

The Directors have been notified by Barrican Investments Corporation (“Barrican”), the substantial shareholder of the Company, that it has disposed of 21,000,000 shares in the Company (representing approximately 4.56% of the total issued share capital of the Company which were disposed of on the market through brokers at a price per share of HK$7.20.

Immediately before the transaction and according to the records of the Company, Barrican was interested in 308,117,822 shares representing approximately 66.94% in the Company and immediately after the transaction, Barrican was interested in 287,117,822 shares representing approximately 62.38% in the Company.

Save as disclosed above, the Directors are not aware of any negotiations or agreements relating to intended acquisitions or realizations which are discloseable under rule 13.23 of the The Rules Governing the Listing of Securities on the Stock Exchange (“Listing Rules”), or any matter discloseable under the general obligation imposed by rule 13.09 of the Listing Rules, which is or may be of a price sensitive nature.

Shareholders and investors should exercise caution in dealing in the shares.

This announcement is made by the order of the Board of the Company, the directors of which jointly and individually accept responsibility for the accuracy of this announcement.

By Order of the Board of The Grande Holdings Limited Michael A. B. Binney Director and Company Secretary

Hong Kong, 15 March 2005

– 1 –

As at the date of this announcement, the Board of the Company comprises: Mr. Christopher W. Ho, Mr. C. C. Ma, Mrs Christine L. S. Asprey, Mr. Michael A. B. Binney, Mr. C. F. Lam and Mr. Paul K. F. Law as executive directors; and Mr. Herbert H. K. Tsoi, Mr. Johnny W. H. Lau and Mr. Martin I. Wright as independent nonexecutive directors.

Please also refer to the published version of this announcement in The Standard.

– 2 –