EGANA JEWELLERY<00926> - Unusual price & volume movements

The Stock Exchange has received a message from Egana Jewellery & Pearls 
Limited which is reproduced as follows:-

"This statement is made at the request of The Stock Exchange of Hong Kong 
Limited.

We have noted the recent increases in the price and the trading volume of 
the Shares of the Company and wish to state that we are not aware of any 
reasons for such increases.

We also confirm that there are no negotiations or agreements relating to 
intended acquisitions or realizations which are discloseable under 
rule 13.23, neither is the Board aware of any matter discloseable under 
the general obligation imposed by rule 13.09, save as the Company's 
announcements dated 18th February and 7th March, 2005 in relation to the 
issue of the Tranche 3a Bonds to Merrill Lynch International
which is or may be of a price-sensitive nature.

Made by the order of the Board of Egana Jewellery & Pearls Limited, the 
directors of which individually and jointly accept responsibility for the 
accuracy of this statement.

As at the date hereof, the Board comprises Mr. Hans-Joerg SEEBERGER, Mr. 
Peter Ka Yue LEE, Mr. Michael Richard POIX, Mr. Ho Yin CHIK,
Mr. David Wai Kwong WONG, Mr. Shunji SAEKI and Mr. Michael BOMMERS as 
executive directors and Mr. Charles Cho Chiu SIN, Mr. Eduardo Tang Lung 
LAU and Professor Zhengfu WANG as independent non-executive directors.


By Order of the Board
Egana Jewellery & Pearls Limited

Ho Yin CHIK
Director

9th March, 2005"