HAYWOOD INV<0905> - Results Announcement

Haywood Investments Limited announced on 18/5/2000:
(stock code: 905)
    
The accounts which contain the following results are qualified by 
the Company's auditor.  For more details, please refer to the press 
announcement to be issued by the Company on 19/5/2000.

Year end date: 31/12/1999
Currency: HK$                                               
                                           (Audited)        
                                           12-month         (Audited)
                                           Period           Period
                                           from 1/1/1999    from 21/4/1998
                                           to 31/12/1999    to 31/12/1998
                                           ('000)           ('000)
Turnover
    - Continuing                         : 6,698            4,463
    - Discontinued                       : -                -
Operating Profit/(Loss)
    - Continuing                         : 1,644            2,404
    - Discontinued                       : -                -
Total Operating Profit/(Loss)            : 1,644            2,404
Share of Profit/(Loss) of
  Associated Companies                   : -                -
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : 1,450            2,274
% Change over Last Period                : -36%
EPS/(LPS)-Basic                          : 1.45 cents       2.98 cents
         -Diluted                        : -                -
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : 1,450            2,274
Final Dividend per Share                 : Nil              Nil
(Specify if with other options)          : -                -
B/C Dates for Final Dividend             : N/A              
Payable Date                             : N/A
B/C Dates for (-) General Meeting        : N/A              
Other Distribution for Current Period    : N/A              
B/C Dates for Other Distribution         : N/A              

Remarks:

1)  The Company was incorporated on 21st April, 1998 and its shares were 
listed on The Stock Exchange of Hong Kong Limited on 17th July, 1998.  The 
results in 1998 covered the period from the date of incorporation of the 
Company to 31st December, 1998.

2)  The calculation of the earnings per share is based on the profit for 
the year/period of HK$1,450,000 (1998: HK$2,274,000) and on the weighted 
average number of 100,000,000 (1998: 76,274,510) shares in issue during 
the year/period.