Brilliance China Automotive Holdings Limited Announcement

    HONG KONG, Feb. 5 -- The following was released
today by Brilliance China Automotive Holdings Limited :

                     Brilliance China Automotive Holdings Limited
                   (Incorporated in Bermuda with limited liability)
                               Update On Legal Proceedings

    Reference is made to the announcements made by the Company dated
23, 27 and 29 January 2003, relating to, among other things, the Court Order
and the Writ.  The Directors wish to update on the present status of the
Bermuda legal proceedings involving the Company.
    Reference is made to the announcements made by the Company dated
23, 27 and 29 January 2003 (the "Announcements"), relating to, among other
things, the Court Order and the Writ.  Unless otherwise defined, terms used
herein shall have the same meaning as in the Announcements.
    The Directors wish to state that at a hearing before the Supreme Court of
Bermuda on 4 February 2003 (Bermuda time) regarding an application by the
Company to, amongst others, (i) have the Writ struck out and, in the
alternative, (ii) have the Court Order discharged, the judge has ordered a
brief adjournment of the hearing until 9:30 a.m. on 7 February 2003 (Bermuda
time) for a full day hearing of the matters before the court.

    Further announcements will be made by the Company in the event of
developments in the legal proceedings.

    By order of the Board of
    Brilliance China Automotive Holdings Limited
    Wu Xiao An
    (also known as Ng Siu On)
    Chairman

    The Directors jointly and severally accept full responsibility for the
accuracy of the information contained in this announcement and confirm, having
made all reasonable inquiries, that to the best of their knowledge, opinions
expressed in this announcement have been arrived at after due and careful
consideration and there are no other facts not contained in this announcement,
the omission of which would make any statement in this announcement
misleading.