SHAW BROTHERS<00080> - Results Announcement

Shaw Brothers (Hong Kong) Limited announced on 03/12/2003:
(stock code: 00080 )
Year end date: 31/03/2004
Currency: HKD
Auditors' Report: N/A
Review of Interim Report by: Audit Committee

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/04/2003    from 01/04/2002
                                     to 30/09/2003      to 30/09/2002 
                               Note  ($         )       ($         )
Turnover                           : 25,127,000         30,721,000        
Profit/(Loss) from Operations      : (3,203,000)        (1,157,000)       
Finance cost                       : N/A                (1,000)           
Share of Profit/(Loss) of 
  Associates                       : 44,165,000         49,618,000        
Share of Profit/(Loss) of
  Jointly Controlled Entities      : N/A                N/A               
Profit/(Loss) after Tax & MI       : 35,744,000         40,686,000        
% Change over Last Period          : -12.15    %
EPS/(LPS)-Basic (in dollars)       : 0.09               0.1               
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 35,744,000         40,686,000        
Interim Dividend                   : 5.0 cents          5.0 cents         
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Interim Dividend                 : 10/01/2004         to 27/01/2004bdi.
Payable Date                       : 27/01/2004
B/C Dates for (-)            
  General Meeting                  : N/A          
Other Distribution for             : N/A           
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A          

Remarks:


1.      Turnover and loss from operations are wholly derived from 
continuing operations.
                
                                                       
2.      EPS - Basic             
                                                                        
The calculation of earnings per share - basic is based on the Group's 
profit attributable to shareholders for the period of HK$35,744,000 (2002: 
HK$40,686,000) and on 398,390,400 ordinary shares in issue throughout the 
two six-month periods ended 30th September 2003 and 2002.