Announcement Of Dividend For The Financial Year Ended 31 Oct 2003

The Board of Directors of HG Metal Manufacturing Limited ( the "Company" ) wishes to inform that Announcement no.18 made on 30.12.2003 contain certain typographical error pertaining to the dividend for current financial period reported on. We set out below the correct information:

Dividend For Current Financial Period Reported On

Any dividend recommended for the current financial period reported on? Yes

Name of dividend First & Final
Dividend Type Cash
Dividend Rate 1 cent or 5% per ordinary share ( net of tax )
Par value of shares S$0.20
Tax Rate 22.0%