Extrawell Pharmaceutical Holdings Limited — Earnings Release 2000

May 31, 2000

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.

	Extrawell Pharmaceutical Holdings Limited

(Incorporated in Bermuda with limited liability)

Unaudited Results For The Year Ended 31st March 2000

of John Master Industries Berhad

To comply with the General Disclosure requirements set out in Paragraph 2 of the Listing Agreement made between Extrawell Pharmaceutical Holdings Limited (the “Company”) and The Stock Exchange of Hong Kong Limited, the Board of Directors of the Company hereby announces relevant items concerning the Company and its subsidiaries (“the Group”) simultaneously in line with the unaudited results announcement made by its major shareholder, John Master Industries Berhad (“JMI”), in Malaysia on 31st May 2000.

		For the year ended 31st March
		2000	1999
		MYR’000	MYR’000
	Notes	unaudited	unaudited
Share in the results of associated companies before tax (net of dividends)	1	1,112	1,159
Taxation on share of profit in associated companies		361	164
		As at 31st March
		2000	1999
		MYR’000	MYR’000
		unaudited	unaudited
Investment in associated companies		19,143	36,135

Note:

1. JMI, a company incorporated in Malaysia with limited liability and the shares of which are listed on the Main Board of the Kuala Lumpur Stock Exchange, is the holding company of John Master (Hong Kong) Limited. JNJ Investments Limited is a wholly-owned subsidiary of John Master (Hong Kong) Limited. JNJ Investments Limited holds 37.6% interest in the Company, JMI’s announcement includes their share of the Company’s unaudited results for the financial year ended 31st March 2000 according to Malaysian Generally Accepted Accounting Principles.

The above calculation are based on the exchange rate of HK$1.00 to MYR0.4839.

1. The current year financial information relates entirely to the Group, but are unaudited and prepared according to the Malaysian Generally Accepted Accounting Principles.

2. The previous year comparative figures did not relate entirely to the Group as JMI had other associated companies in last year which were subsequently disposed. Furthermore the Group only became associated company of JMI during the financial year ended 31st March, 1999.

3. MYR represents Malaysian Ringgits.