The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Incorporated in Bermuda with limited liability)

Silvernet Group Limited (the "Company") is pleased to announce that Mr. Koo Fook Sun Louis has been appointed as the Chief Executive Officer of the Company with effect from 4th September, 2000 and a director of the Company with effect from 7th September, 2000.

The Company is pleased to take this opportunity to welcome Mr. Koo and congratulates him on his appointment.

By order of the board
Zhao Jian Gong
Managing Director

Hong Kong, 7th September, 2000

Please also refer to the published version of this announcement in South China Morning Post and Hong Kong Economic Times.

Source: Silvernet Group Limited
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