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 decrease in the 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 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.


CAPITAL ESTATE LIMITED
Hung Yat Ming
Company Secretary

16 March 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"