FOURSEAS TRAVEL<0755> - Announcement

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.

FOUR SEAS TRAVEL INTERNATIONAL LIMITED
(Incorporated in Bermuda with limited liability)

The  Board wishes to announce that the RTA has reinstated the
travel  agents license of Four Seas Tours with effect from 31st March,
1999  and  the  TIC has reinstated the membership of Four Seas Tours
with effect from 1st April, 1999.

The  board  of directors (`Board') of Four Seas Travel International
Limited  (the  `Company') wishes to announce that the Hong Kong Four
Seas  Tours Limited (`Four Seas Tours') has received a notice from the
Registrar  of  Travel  Agents  (`RTA')  dated 31st March, 1999 to
reinstate  its  travel  agents license with effect from 31st March,
1999.  The  Board  also wishes to announce that Four Seas Tours has
received  a  notice  from  the Travel Industry Council of Hong Kong
(`TIC')  dated  31st  March,  1999 to reinstate its membership with
effect  from 1st April, 1999. Furthermore, Four Seas Tours has agreed
the  repayment  schedule  of  amounts  outstanding under the Bank
Settlement  Plan  with  the International Air Transport Association
(`IATA')  and  continues  to be an accredited agent of IATA. Details
regarding  the  Bank Settlement Plan are set out in the `Letter from
the  Board'  of  the  offeree document dated 11th March, 1999 (the
`Offeree Document').

After  the  reinstatement  of both the travel agents license and the
membership  of  TIC,  Four Seas Tours has now commenced its business
operations as usual.

The  Board  is  now  working closely with PricewaterhouseCoopers to
assess  the  actual  working capital requirements of the Company and
there  have  been  no  new demands for immediate repayment of bank
borrowings  and loans since March 1999. Previous demands on repayment
of  loans are still under negotiation. Furthermore, there is no change
in  the  status  of outstanding litigation since March 1999. Details
regarding  the above are set out in the `Letter from the Board' of the
Offeree Document.

Investors  should  exercise caution when dealing in the securities of
the Company.

                               By Order of the Board
                               Four Seas Travel International Limited
                               Chan Cher Boon 
                               Acting Managing Director                   
                                                          

Hong Kong, 1st April, 1999