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Brilliance China Automotive Holdings Proposes Public Offering

6 July 1998

Brilliance China Automotive Holdings Limited Announces Proposed Public Offering of Common Stock

    HONG KONG, July 6 -- Brilliance China Automotive Holdings
Limited (the "Company") today announced a proposed public offering
of 8,000,000 shares of Common Stock.  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 is a
leading manufacturer and distributor of minibuses in the People's Republic of
China.  All of the Common Stock is being offered by the Company for purposes
of new financing.  Merrill Lynch & Co. will act as global coordinator and sole
underwriter for this transaction.
    A registration statement relating to these securities has been filed with
the Securities and Exchange Commission but has not yet become effective.
These securities may not be sold nor may offers to buy be accepted prior to
the time the registration statement becomes effective.  This communication
shall not constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of these securities in any State in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such State.
    A written prospectus meeting the requirements of Section 10 of the
Securities Act of 1933 may be obtained from Merrill Lynch & Co., Merrill
Lynch, Pierce, Fenner & Smith Incorporated, World Financial Center, North
Tower, 250 Vesey Street, New York, NY, 10281-1201.