Samsonite Group S.A. — Capital/Financing Update 2006

Apr 19, 2006

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.

RICHE MULTI-MEDIA HOLDINGS LIMITED

(Incorporated in Bermuda with limited liability)

(Stock Code: 764)

ANNOUNCEMENT

Reference is made to the Company's announcements dated 15th April, 2005 and 31st March, 2006.

The extension of the repayment date of the Initial Deposit and Further Deposit totalling HK$40,000,000, representing approximately 15.78% under the assets ratio as defined under Rule 14.07(1) of the Listing Rules, constitutes a discloseable transaction for the Company under Chapter 14 of the Listing Rules and is also subject to the disclosure requirement under Rule 13.13 of the Listing Rules.

A circular containing, among other things, further details of the transaction will be despatched to the Shareholders as soon as practicable.

A further announcement will be made on the repayment of the Initial Deposit and Further Deposit.

Reference is made to the Company's announcements dated 15th April, 2005 (the "First Announcement") and 31st March, 2006 (the "Second Announcement"). Terms used herein shall have the same meanings as defined in the First Announcement unless defined otherwise.

THE TRANSACTION

Pursuant to the Second Announcement, it has been agreed between the parties on 31st March, 2006 that the Initial Deposit and Further Deposit will be refunded by Leadfirst to Dragon Leader on or before 30th April, 2006 with interest accruing thereon at the rate of 6% per annum. The Initial Deposit and Further Deposit are unsecured. Save as disclosed herein, as at the date hereof, no other advances have been made by the Group to Leadfirst or its ultimate beneficial owner, Mr. Ki.

The Initial Deposit and Further Deposit amount to HK$40,000,000 in aggregate, representing approximately 15.78% under the assets ratio as defined under Rule 14.07(1) of the Listing Rules. As a result, the extension of repayment of the Initial Deposit and Further Deposit by Leadfirst to Dragon Leader to a date falling on or before 30th April, 2006 constitutes a discloseable transaction under Chapter 14 of the Listing Rules and is also subject to the disclosure requirement under Rule 13.13 of the Listing Rules.

A circular containing, among other things, further details of the transaction will be despatched to the Shareholders as soon as practicable in accordance with the Listing Rules.

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REASONS AND BENEFITS FOR THE TRANSACTION

The Board believes that the extension of the repayment date of the Initial Deposit and Further Deposit is reasonable given that interest will accrue on the outstanding amounts, thus generating an income for the Company. The Directors believe that the terms of the transaction are fair and reasonable and in the interests of the Company and the Shareholders as a whole.

A further announcement will be made on the repayment of the Initial Deposit and Further Deposit.

OTHER INFORMATION

The principal activity of the Company is investment holding. The principal subsidiaries of the Company are principally engaged in the distribution of films and sub-licensing of film rights or otherwise related to the entertainment industry.

To the best of the knowledge of the Directors, the current principal activity of Leadfirst is investments holding, and it will be principally engaged in the marketing and promotion of the Vessel and the provision of rolling and settlement service for customers of the Casino upon the commencement of operation of the Vessel and the Casino.

To the best of the Directors' knowledge, information and belief having made all reasonable enquiry, Leadfirst and its ultimate beneficial owner, Mr. Ki, are not connected persons of the Company and are independent third parties not connected with the Directors, chief executive and substantial Shareholders of the Company, any of its subsidiaries and their respective associates.

By Order of the Board
Riche Multi-Media Holdings Limited
Heung Wah Keung
Chairman

Hong Kong, 19th April, 2006

As at the date of this announcement the executive directors of the Company are Mr. Heung Wah Keung and Ms. Chen Ming Yin, Tiffany and the independent non-executive directors of the Company are Mr. Lien Wai Hung, Mr. Tang Chak Lam, Gilbert and Mr. Ho Wai Chi, Paul.

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