STONE HOLDINGS<00409> - Unusual price & volume movements

The Stock Exchange has received a message from Stone Group 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 increases in both the trading volume and the 
price of the shares of the Company and wish to state that we are not aware 
of any reasons for such increases.

We also confirm that, except for the discloseable transaction regarding 
the exercise of conversion right and subscription of convertible 
preference shares in China Cable Media Group Limited which was published 
in the announcement datd 25 April 2007, 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 the directors of Stone Group Holdings 
Limited of which individually and jointly accept responsibility for the 
accuracy of this statement.

As at the date of this announcement, the Board comprises ten directors, of 
whom Messrs. Duan Yongji, Shi Yuzhu, Shen Guojun, Chen Xiaotao and Zhang 
Disheng and Ms. Liu Wei are executive directors and Messrs. Ng Ming Wah, 
Charles, Andrew Y. Yan, Liu Ji and Liu Jipeng are independent non-
executive directors.


On behalf of the Board


Hui Yick Lok, Francis
Company Secretary

Hong Kong, 2nd May 2007"