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 fluctuations.

Save for the announcement dated 16 February 2006, 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.


Hung Yat Ming
Company Secretary

22 February 2006


Executive Directors:
Chu Nin Yiu, Stephen
Chu Nin Wai, David
Lau Chi Kan, Michael


Independent Non-Executive Directors:
Li Sze Kuen, Billy
Wong Kwong Fat
Leung Kam Fai"