FOR IMMEDIATE RELEASE

13 May 2002

Hong Kong Air Cargo Terminals Limited (Hactl) announced today its air cargo tonnage throughput for April 2002. Total tonnage handled by Hactl in April 2002 was 152,892 tonnes, representing an upsurge of 20% compared with the same month in 2001. The tonnage throughput, however, represents a decline of 7.3% compared with March 2002. Accumulative tonnage for the first four months of this year reached 560,479 tonnes - a 12.9% growth compared with the same period last year.

A surge in export volume was registered in April 2002 to 80,262 tonnes, up by 33.1% compared with April 2001. Exports to the U.S.A. remained strong with a significant growth of 52.6% compared with April 2001, while exports to Europe (+27.1%) and Asia (+22.4%) also held up very well in the month. Total export volumes from January to April 2002 stood at 285,786 tonnes, representing an increase of 21.2% compared with the same period last year.

Import tonnage for April amounted to 52,666 tonnes, representing a 7.6% year-on-year growth. Import volume in April was strong in key Asian markets : Taiwan (+38.6%), Japan (+17.8%) and Korea (14.8%). Aggregate import tonnage for the first four months of this year was 197,126 tonnes, representing an increase of 3.5% compared with the same period last year.

Hactl's Director-Marketing and Customer Service Summit Chan said, "Tonnage performance on a year-on-year basis is very encouraging, but it has to be borne in mind that trade volume was relatively weak last year. In absolute terms, if momentum keeps up, tonnage throughput will be catching up to the level in 2000."

Issued by Hong Kong Air Cargo Terminals Limited. For further enquiries, please contact :

Cindy Cheung, Corporate Communications Manager     Tel : 2753 2162 (Office)

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