SHIMAO INT'L<00649> - Unusual price & volume movements

The Stock Exchange has received a message from Shimao International
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 increases in the price and trading volume of the shares 
of the Company on 7 December 2005 and wish to state that we are not aware 
of any reasons for such increases. 

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 International Holdings Limited, 
the directors of which individually and jointly accept responsibility for 
the accuracy of this statement.

As at the date of this statement, the Board comprises: 

Directors:                               Independent non-executive Directors:
Hui Wing Mau 
(Chairman and Non-executive Director)           Lee Chack Fan
Hui Mei Mei, Carol                              Liu Hing Hung
(Deputy Chairman and Executive Director)        Zhu Wenhui              
Hui Sai Tan, Jason (Executive Director)         
Tung Chi Shing (Executive Director)             
Chan Loo Shya (Executive Director)  


For and on behalf of 
Shimao International Holdings Limited

Yau Kwan Shan 
Company Secretary 
            
7 December 2005"