MATRIX HOLDINGS<01005> - Exceptional Turnover Movement

The Stock Exchange has received a message from Matrix Holdings Limited 
which is reproduced as follows:-

"This statement is made at the request of the Stock Exchange.

The board of directors (the "Board") of Matrix Holdings Limited (the 
"Company") has noted the increase in trading volume of the shares of 
the Company ("Shares") today and wishes to state that the Board is not 
aware of any reason for such increase in the trading volume, save and 
except for the private placement of 80,000,000 Shares and the proposed 
conversion of its outstanding convertible loan stock into 122,000,000 new 
Shares by Suncorp Investments Group Limited ("Suncorp"), the controlling 
shareholders of the Company, as disclosed in the announcement of the 
Company dated 10 February 2004.

Save as disclosed above, the Board confirms that, there are no 
negotiations or agreements relating to intended acquisitions or 
realisations which are discloseable under paragraph 3 of the Listing 
Agreement, neither is the Board aware of any matter discloseable under the 
general obligation imposed by paragraph 2 of the Listing Agreement, which 
is or may be of a price sensitive nature.

Made by the order of the Board, the Directors of which individually and 
jointly accept responsibility for the accuracy of this statement.


By order of the Board

Cheng Yung Pun
Chairman

11th February 2004"