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FOR IMMEDIATE RELEASE

Watsons Water awarded the Platinum SuperBrand for five consecutive years
and named the honorable "Hall of Fame Superbrand"
in Reader's Digest SuperBrands 2003 Awards

(Hong Kong -- 4 July, 2003) Watsons Water has been elected for the consecutively fifth year as the most popular bottled water and achieved the Platinum SuperBrand Award again, as well as honoured with the Hall of Fame Superbrand in the "Reader's Digest SuperBrands 2003 Awards". The award presentation was held last night at the Conrad International. Mr. Steve Tong, General Manager of Watsons Water received the prestigious awards.

The questionnaires of Reader's Digest SuperBrands survey were distributed to its readers across Hong Kong, Singapore, Taiwan, Philippines, Thailand and Malaysia. Participating readers were asked to rank their favourite brands in terms of quality, value, reliability, etc. Approximately 6,000 readers participated in the survey.

Watsons Water is awarded the Platinum SuperBrand Award again among the bottled water category. The votes of the Platinum award is three folds of Gold Awards'. In addition, the Company was also honoured with the Hall of Fame Superbrand, as it has achieved SuperBrand status for five years.

Mr. Tong said delightfully after receiving the awards, "These two awards clearly prove the leading position and reputation of Watsons Water in the market."

SuperBrand award is a genuine recognition of excellent product quality. This honour again demonstrates Watsons Water's reliability and its being the best choice for customers.

Watsons Water is popular among customers and has always been the market leader for a long time. Watsons Water applies stringent control in every production process, ensuring that every drop of water is bacteria-free and of the highest standard.

Watsons Water is also the first distilled water manufacturer in Hong Kong that is awarded the ISO International Accreditation as well as the NSF Certificate. Its production process and product quality have already surpassed the standards set by the international authorities.

Watsons Water is proud to be a renowned brand among Hong Kong consumers. Looking ahead, Watsons Water will continue to strive for perfection, and to bring the best product to everyone.

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Watsons Water has been elected for the consecutively fifth year as the most popular bottled water and achieved the Platinum SuperBrand Award again, as well as honoured with the Hall of Fame Superbrand in the "Reader's Digest SuperBrands 2003 Awards". Mr. Steve Tong, General Manager of Watsons Water received the prestigious awards from Mrs. Rosemarie Wallace, Managing Director, Asia, of Reader's Digest.