CAPITAL ESTATE<00193> - Share Subdivision

Market participants are requested to note that the ordinary shares of 
HKD1.00 each ("Old Shares") in the capital of Capital Estate Limited will 
be subdivided into ordinary shares of HKD0.20 each ("New Shares") on the 
basis of 1 into 5 subject to its shareholders' approval at the 
Extraordinary General Meeting to be held on 20/12/2005.  Upon the 
proposals becoming effective, a temporary counter under stock code 2928 
and stock short name "CAPITAL ESTATE" will be established for trading in 
board lots of 10,000 New Shares each to replace the present counter 
(stock code: 193) for trading in board lots of 2,000 Old Shares each 
effective from Wednesday, 21/12/2005.