CAPITAL ESTATE<00193> - Unusual volume movement

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 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 increase.

We also 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.


Hung Yat Ming
Company Secretary
1 June 2005

Executive Directors:-
Chu Nin Yiu, Stephen (Executive Chairman)
Chu Nin Wai, David (Deputy Chairman)
Ng Kai Man, Luke 
Lau Chi Kan, Michael

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