SHAW BROTHERS<00080> - Results Announcement

Shaw Brothers (Hong Kong) Limited announced on  23/6/2004:
(stock code: 00080 )
Year end date: 31/3/2004
Currency: HKD
Auditors' Report: Unqualified

                                                        (Audited   )
                                     (Audited   )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 1/4/2003      from 1/4/2002  
                                     to 31/3/2004       to 31/3/2003  
                               Note  ($         )       ($         )
Turnover                           : 59,506,000         62,442,000        
Profit/(Loss) from Operations      : (11,648,000)       (9,886,000)       
Finance cost                       : (1,000)            (1,000)           
Share of Profit/(Loss) of 
  Associates                       : 120,409,000        176,350,000       
Share of Profit/(Loss) of
  Jointly Controlled Entities      : N/A                N/A               
Profit/(Loss) after Tax & MI       : 101,070,000        143,045,000       
% Change over Last Period          : -29.34    %
EPS/(LPS)-Basic (in dollars)       : 0.25               0.36              
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 101,070,000        143,045,000       
Final Dividend                     : 15.0 cents         20.0 cents        
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Final Dividend                   : 7/9/2004           to 17/9/2004 bdi.
Payable Date                       : 26/10/2004
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.       Earnings per share

The calculation of earnings per share is based on earnings for the year of 
HK$101,070,000 (2003: HK$143,045,000) and on 398,390,400 ordinary shares 
in issue throughout the two years ended 31st March 2004.
  

2.        Distributable reserves

Distributable reserves of the Company at 31st March 2004, calculated under 
Section 79B of the Hong Kong Companies Ordinance, amounted to 
HK$1,568,103,000 (2003: HK$1,563,978,000).