ICO Group Limited — Earnings Release 1998

May 17, 1999

Listed Company Information

JACKIN INT'L<0630> - Results Announcement Jackin International Holdings Limited announced on 17/5/1999: (stock code: 630) Year end date: 31/12/1998 Currency: HK$ Last Current Corresponding Period Period from 1/1/1998 from 1/1/1997 to 31/12/1998 to 31/12/1997 ('000) ('000) Turnover : 372,341 295,061 Profit-Continuing Operations - Operating Profit : 46,180 28,737 - Exceptional Items : 3,171 NIL - Discontinued Operations : NIL NIL Total Operating Profit : 49,351 28,737 Share of Profit of Associated Companies : NIL NIL Profit after Tax & MI : 48,302 30,012 % Change over Last Period : +60.9% EPS-Basic : 13.85 cents 8.63 cents -Diluted : 13.29 cents 8.47 cents Extraordinary (ETD) Gain/(Loss) : NIL NIL Profit after ETD Items : 48,302 30,012 Final Dividend per Share : 2.2 cents 1.0 cent (Specify if with other options) : - - B/C Dates for Final Dividend : 11/6/1999 to 17/6/1999 bdi. Payable Date : 23/6/1999 B/C Dates for (-) General Meeting : - Other Distribution for Current Period : - B/C Dates for Other Distribution : - Remarks: (1) Exceptional item The exceptional item represents surplus on insurance claims in respect of a fire which occurred during the year. (2) Earnings per share - diluted The diluted earnings per share for 1998 is based on the profit for the year of HK$48,722,000 taking into account of the saving of interest on conversion of bond, net of tax, of HK$420,000 and on the weighted average of 366,625,384 shares in issue and issuable on the assumption that the bond is converted into the shares of the Company on the date of issue of bond on 27 July 1998. The computation of diluted earnings per share does not assume the exercise of the Company's outstanding share options as the exercise price is higher than the fair value per share.