ASIA ALUMINUM<00930> - Unusual price & volume movements

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

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

The board (the "Board") of directors of Asia Aluminum Holdings Limited 
(the "Company") has noted the recent increase in the trading volume and 
price of the shares of the Company and wish to state that save as 
disclosed below, it is not aware of any reasons for such increase.

We confirm that save for the information as disclosed in the joint 
announcements dated 16 March 2006 and 27 March 2006 jointly issued by the 
Company and AA Investments Company Limited in respect of the proposed 
privatization of the Company by AA Investments Company Limited and the 
Company's announcement dated 27 March 2006 in respect of the Company's 
interim results for the six months ended 31 December 2005, 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 (which includes (i) the executive 
directors, Mr. Kwong Wui Chun, Dr. Chan Yiu Tsuan, Benby and Mr. Zhong 
Jianqiu and (ii) the non-executive directors, Mr Ma Tsz Chun, Mr. Yau Wing 
Keung and Mr. Chou Shun, Alan), the directors of which individually and 
jointly accept responsibility for the accuracy of this statement.

By order of the Board
Asia Aluminum Holdings Limited

Chan Yiu Tsuan, Benby
Deputy Chairman and Chief Executive Officer

Hong Kong, 28 March 2006"