Press Releases

Hong Kong, Mar 24, 2006 (ABN Newswire) - CITIC PACIFIC (HK: 00267) announced that the net profit attributable to shareholders for the year ended 2005 was HK$3,989 million, an increase of 13% compared with HK$3,534 million for the same period in 2004 (as restated). The reasons for the increase in profit are described in the full Financial Review, figures summarised below.

HK$ million

2001      2002     2003     2004      2005
2,084     3,835    1,293    3,534     3,989   

Business Segments Contribution
The contribution (Note) made by major business segments in the year of 2005, compared with the year of 2004, were:

Contribution
                                     (Restated)
HK$ million                 2005        2004         2005 - 2004
Aviation                    1,058       1,398        (340)
Civil Infrastructure          413         329          84
Power Generation              368         439         (71)
Communications                (31)        133        (164)
Property                    1,106         559         547
Special Steel Manufacturing   808         438         370
Marketing & Distribution      232         284         (52)
Fair Value change of 
Investment Properties         755         181          574

Note: Please refer to Definition of Terms of the Annual Report.

CITIC Pacific's 2005 Annual Report includes a letter from the Chairman to shareholders, the annual accounts and other information required by accounting standards, legislation, and the Hong Kong Stock Exchange. The Financial Review is designed to assist the reader in understanding the statutory information by discussing the contribution of each business segment, and the financial position of the company as a whole.

The Full Financial Review Available at;
http://www.citicpacific.com/upload/en/20060324-1E.pdf