RNS Number:2952K
Cathay International Holdings Ld
23 April 2003

FOR IMMEDIATE RELEASE



CATHAY INTERNATIONAL HOLDINGS LTD (the "Company")


The Company was informed on 23 April 2003 that Simon Phillips purchased 250,000
common shares in the Company and now has an interest in 7,175,013 common shares
in the Company, which together with his interest in 92,075 A shares in the
Company represents 4.018% of the total issued share capital of the Company.



Enquiries:


Stephen Hunt
Deputy Chairman, Cathay International Holdings Limited
Telephone  00 852 2828 9289



Fiona Kindness
Grant Thornton
Telephone  020 7383 5100



Date:  23 April 2003


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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