CAPITAL ESTATE<00193> - Unusual price & volume movements

The Stock Exchange has received a message from Capital Estate 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 fluctuation in the share price and increase in the 
trading volume of the shares of the Company today and wish to state that 
we are not aware of any reasons for such fluctuation and increase.

Save for the announcement dated 11 April, 2005, we confirm that there are 
no negotiations or agreements relating to intended acquisitions or 
realizations 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 Capital Estate Limited, the directors of 
which individually and jointly accept responsibility for the accuracy of 
this statement.


Ma Wai Man, Catherine
Company Secretary
26 April, 2005

Executive Directors:-
Choo Yeow Ming (Executive Chairman)
Ng Kai Man, Luke (Deputy Chairman)
Ma Wai Man, Catherine
Chow Hou Man

Independent Non-Executive Directors:-
Miu, Frank H.
Sin Chi Fai
Ng Yuk Yee, Feona"