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Brilliance China Automotive Holdings Limited Clarifies Recent Press Reports

25 March 1998

Brilliance China Automotive Holdings Limited Clarifies Recent Press Reports

    HONG KONG, March 25 -- Brilliance China Automotive Holdings
Limited (the "Company") clarified recent press reports by stating
that, though the Company has considered and is continuing to consider the
benefits of accessing the Stock Exchange of Hong Kong, the Company has no
immediate plans to undertake such a listing, either directly or indirectly by
acquiring a Stock Exchange of Hong Kong-listed company.
    The Company, incorporated in Bermuda, was established in 1992 to own a
51% interest in Shenyang JinBei Passenger Vehicle Manufacturing Company, Ltd.
("Shenyang Automotive"), a Sino-foreign joint venture enterprise established
in 1991.  Shenyang Automotive, located in Shenyang, the capital of Liaoning
Province and the commercial center of Northeast China, is the leading
manufacturer and distributor of minibuses within the People's Republic of
China.  The Company was the first with operations solely in China to list
directly on the New York Stock Exchange.

SOURCE  Brilliance China Automotive Holdings Limited