401 HOLDINGS<00401> - Share Consolidation

Market participants are requested to note that the shareholders 
of 401 Holdings Limited ("401 HOLDINGS") have approved the 
consolidation of shares on the basis of 50 then existing ordinary
shares ("Old Shares") of 401 HOLDINGS into 1 new ordinary shares
("New Shares").  Effective from today (28/11/2002), a temporary
counter under stock code 2993 and stock short name "401 HOLDINGS"
will be established for trading in board lots of 400 New Shares each 
to replace the previous counter (stock code: 401) for trading 
in board lots of 20,000 Old Shares each.