Walnut Capital Limited — Net Asset Value 2005

Feb 8, 2005

HAYWOOD INVESTMENTS LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 905)

As at 31st January, 2005, the unaudited consolidated net asset value per share of Haywood Investments Limited was approximately HK$0.074.

Hong Kong, 8th February, 2005

As at the date of this announcement, the Board is comprised of Mr. Wong Fong Kim, Mr. Tai Ah Lam, Michael, Mr. Phang Yui Cher Yeow and Mr. Tham Ming Yang as executive directors; Dr. Wong Yun Kuen, Edward, Mr. Hsieh Dominick, Mr. Chang Kin Man and Mr. Wong Wing Hang, Henry as independent non-executive directors.

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

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HAYWOOD INVESTMENTS LIMITED – Announcement

8th February, 2005