18 June 2001

Press Release

The board of directors of Guoco Group Limited ("Company") is pleased to announce that at the Special General Meeting held on 18 June 2001, the ordinary resolution on the disposal of all the Company's shares in the capital of Dao Heng Bank Group Limited ("DHBG") was duly passed.

The Company believes the offer by DBS Diamond Holdings Ltd is attractive and presents the Company with the opportunity to monetise the value it has helped create in DHBG. The Company has agreed to accept the cash and share option in view of the size of the transaction and the expected proceeds to the Company.

For further information, please contact:
Ms. Dora Kuo
Corporate Communications Manager
Guoco Group Limited
Tel : 852- 2218 8492
Fax: 852- 2285 3899

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