SHIMAO CHINA<00649> - Unusual volume movement

The Stock Exchange has received a message from Shimao China Holdings 
Limited which is reproduced as follows:-

"This statement is made at the request of The Stock Exchange of Hong Kong 
Limited.

We have noted the recent increase in the trading volume of the 
shares of the Company and wish to state that save for the information
disclosed in the announcement dated 2 November 2004 of the Company,
we are not aware of any reasons for such increase. 

Save as disclosed above, we also confirm that there are no negotiations or 
agreements relating to intended acquisitions or realisations which are 
discloseable under rule 13.23, neither is the Board aware of any matter 
discloseable under the general obligation imposed by rule 13.09, which is 
or may be of a price-sensitive nature.

Made by the order of the Board of Shimao China Holdings Limited, the 
directors of which (excluding Mr. Chung Shui Ming, Timpson and Professor 
Lee Chack Fan who are uncontactable prior to the issue of this statement)
individually and jointly accept responsibility for the accuracy of this 
statement.

As at the date of this statement, the Board comprises 

Executive Directors:            Independent non-executive Directors:
Hui Wing Mau (Chairman)         Yu Hon To, David
Chung Shui Ming, Timpson        Lee Chack Fan
(Chief Executive Officer)       Liu Hing Hung
Hui Mei Mei, Carol              Lu Hong Bing
(Deputy Chairman)               
Hui Sai Tan, Jason              
Ip Wai Shing            
Tang Ping Fai           
Yao Li          

For and on behalf of 
Shimao China Holdings Limited

Eric Mok
Company Secretary

3 November 2004"