INTERNATIONAL CAPITAL NETWORK HOLDINGS LIMITED (STOCK CODE 8004)

The Exchange has received a notification from International Capital Network
Holdings Limited ("ICN Holdings") pursuant to Section 20 of the Securities
(Disclosure of Interests) Ordinance ("SDIO") reporting the findings of
an investigation conducted by ICN Holdings pursuant to Section 18 of the
SDIO.  The parties reporting share interests in ICN Holdings are listed
below with their corresponding interests:-

CCASS PARTICIPANT     NUMBER OF SHARES   NAME OF PERSONS              SHARES
NAME                                     HAVING INTERESTS         HELD AS OF 
                                         IN SUCH SHARES           

-                          126,256,800   International Capital    19/04/2002
                                         Network Investor Ltd

-                           10,758,720   Leung Yuk Kit            19/04/2002
                                         (via Wise Express Assets Ltd.)

-                           77,846,400   International            19/04/2002
                                         Technology Capital Ltd

BOCI Securities Ltd            212,000   Bank of China, Macau     19/04/2002
                                         (held on behalf of their clients)

BOCI Securities Ltd          1,280,000   Excalibur Assets Ltd     19/04/2002

Sun Hung Kai Investment          4,000   Leung Yuet Sim           18/04/2002
Services Ltd

Sun Hung Kai Investment        100,000   Ko Pun Lap               18/04/2002
Services Ltd

Sun Hung Kai Investment         20,000   Chan Wai Lan             18/04/2002
Services Ltd

Sun Hung Kai Investment         12,000   Yu Ha Ching              18/04/2002
Services Ltd

Sino Grade Securities Ltd      200,000   So Tai Mui               18/04/2002

SPS Securities Ltd              20,000   Golfhill Ltd             18/04/2002

-                           25,138,080   Digital World Holdings   18/04/2002
                                         Ltd (via Capital ACE
                                         Holdings Ltd.)

HSBC Broking Securities        148,000   -                        18/04/2002
(Hong Kong) Ltd
(held on behalf for its
clients and affiliate company,
HSBC Broking  Securities
(Asia) Ltd.)

OSK Asia Securities Ltd        300,000   Mo Yi Min                18/04/2002

OSK Asia Securities Ltd      1,500,000   Leung Yok Fun            18/04/2002

OSK Asia Securities Ltd        300,000   Pho Tjie Chong Allen     18/04/2002

ASG Brokerage Ltd               16,000   Chow Koon Mei            19/04/2002