Cavendish International Holdings Limited

Room 1108, Hutchison House

10 Harcourt Road

Hong Kong

Telex: 62471 CIHL HX

Fax: 852-5-8106730 Telephone: 852-5-246123

Consolidated net profit after taxation of the Group for the

half year ended 30th June, 1988 amounted to HK$415 million.

The unaudited profit and loss account for the six months ended 30th June,

1988 and the comparisons with last year are set out in the accompanying

table.

Dividend

The Directors have today declared an interim dividend for 1988 of 7 cents

per share (1987- 5.8 cents per share after adjustment for the rights issue

made in November 1987) payable on 14th October, 1988 to those persons

registered as shareholders on 14th October, 1988.

The share register of members will be closed from 3rd October, 1988 to 14th

October, 1988, both days inclusive.

Operations

A member company of Hutchison Whampoa Limited,

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