4th March, 1997.

ABC Communications (Holdings) Ltd. (ABC) announces the commercial launch of the first high-speed financial paging system in the world. The new system, known as "QuickSilver^TM", signifies a major technological breakthrough in the local and global financial markets.

Ms Patricia Yeung, Deputy Managing Director of ABC, is proud of the technological accomplishment of ABC which enables Hong Kong to be the first market in the world to launch the most advanced real-time financial information dissemination system. "It is our persistent goal to develop advanced telecommunications services to serve the needs of diversified groups of customers. Our Group has made enormous effort and investment in developing this new data transmission system. Definitely, QuickSilver^TM will be a landmark in the development of telecommunications both in Hong Kong and worldwide. Indeed, the QuickSilver^TM system is Hong Kong's first truly high-speed paging network and high-speed receiver in service." said Ms Patricia Yeung.

QuickSilver^TM, at 6,250 bps data rate, is five times faster than existing POCSAG paging receivers. The new system is designed for forex dealers, stock brokers, fund managers and individual investors. It can provide most updated quotations, analysis and consultations on market situation and investment strategies. By using 900MHz, unnecessary radio interference can be minimized. QuickSilver^TM has a large databank to cater for up to 32 different kinds of information including all stocks and warrants on the Hong Kong Stock Exchange.

"QuickSilve^TM, being a wireless system, has broken down geographical constraints on information delivery. Also, its users can monitor the local and global financial markets 24 hours a day. The QuickSilver^TM system will not only bring a new decade to the local financial sector, but also we can foresee its influences on or contributions to investors all over the world. Investors will be kept updated on real-time financial information through the new system. Hong Kong, being the first market to introduce to the world this revolutionary system, will further reinforce its leading position in the global financial world." Ms Patricia Yeung continued.

All data and analysis are delivered by world-recognized authorities such as The Stock Exchange Teletext which provides all listed stocks and warrants: the top 20 most active stocks by shares traded and by turnover, the top 20 gainers and losers, Hang Seng China Enterprises Index and Hang Seng Midcap 50 Index; Hong Kong Futures Exchange provides Hang Seng Index and Hang Seng Sub-indices, Hang Seng Index Futures, Hang Seng Index Options and the Rolling Forex; Reuters provides major currencies against the Hong Kong dollar, major currencies cross rates, the London Hong Kong Stocks, major overseas stock market indices etc.; BRIDGE Information Systems provide data on precious metals, Hong Kong gold, Loco London gold, Loco London silver, platinum; and Keen Shing Investment Consultants Ltd. and FinaTech Ltd. provide most updated analysis on Hong Kong stocks, futures etc. and market situations and investment opportunities.

"The QuickSilver^TM system, comprising the computer operating system, the data transmission protocol and the wireless receiver, is developed through internal resources of the ABC Group. It enables Hong Kong to have technological export opportunity and to contribute to the global telecommunications development. We will continue our endeavours in developing more sophisticated telecommunication services with a goal to identify Hong Kong as an important global technological centre. Our technical teams are also ready to bring the new system to other regional or global financial centres. The system will soon become a core business of the company and we will take active steps to introduce this new system to other regions." further stated Ms Patricia Yeung.