ALV HIGH CONCENTRATION OF INSIDER SHAREHOLDING

Released on = May 24, 2007, 6:00 pm

Press Release Author = The hong Kong Stock Exchange

Industry = Financial

Press Release Summary = The Board has been informed by the Hong Kong Stock Exchange
that based on the information from the SFC, 13 investors held an aggregate of
89,705,500 shares, representing approximately 74.45% of the total outstanding issued
share capital of the Company as of May 5th, 2007.



Press Release Body = The substantial shareholders of the Company, held 89,705,500
Shares, representing approximately 74.45% of the issued share capital of the
Company, together with the shareholding interests of said 13 investors, in aggregate
held the shares, representing approximately 74.45% of the issued share capital and
accompanying voting rights of the Company.

On the basis of the above, only approximately 15.65% of the issued share capital of
the Company is held in the hands of other non-affiliated investors.

In view of the high concentration of shareholdings held by a small number of
substantial affiliates, shareholders and potential investors of the Company shall be
aware that the price of the shares is subject to insider manipulation and could
fluctuate substantially even with a small number of shares being traded.

ALV AG - RAZE TV Shareholders and potential investors of the Company are reminded to
exercise caution when dealing the Shares.

This announcement is made at the request of the Hong Kong Stock Exchange.

Disclaimer:
The Stock Exchange of Hong Kong Limited does not recommend or endorse any of these
sources and does not guarantee their accuracy and reliability and accepts no
liability (whether in tort or contract or otherwise) for any loss or damage from any
inaccuracies or omissions.
Please also note that the information provided in this circular is provided as an
investor service and to promote full disclosure in the securities market. It is not
intended under any circumstances that such information will constitute an invitation
to the public to acquire, dispose of or subscribe for any securities




Web Site = http://www.hkex.com

Contact Details = 12/F One International Finance Centre, 1 Harbour View Street,
Central, Hong Kong
Tel: (852) 2522 1122
Fax: (852) 2295 3106
Email: info@hkex.com.hk

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