AKO Arko Hldgs

RNS Number:8860W
Arko Holdings PLC
24 March 2004

FOR IMMEDIATE RELEASE                                              24 March 2004



                   ANNOUNCEMENT TO THE LONDON STOCK EXCHANGE

                  Arko Holdings plc ("the Company" or "Arko")

Mr Chin Kam Chiu, Chairman of the Company, has today been found guilty of the
charge of conspiracy to defraud, brought against him by the Independent
Commission against Corruption in Hong Kong. Mr. Chin is now consulting with his
legal advisers as to his options in respect of appeal against the conviction.

The Board of Arko wishes to clarify that the charges were brought against Mr.
Chin personally and do not relate in any way to the business of Arko or any of
its subsidiaries.

The Board of Arko will be meeting as a matter of urgency to consider the future
management and strategy of the Company in these circumstances.

Further announcements will be made as soon as further information becomes
available.

Enquiries:

Angela Leung - Arko Energy Holdings plc
13th Floor, Sun Hung Kai Centre, 30 Harbour Road, Wanchai, Hong Kong
Tel: 00 852 2219 9999 Email: angelal@arkoholdings.com

Robert Lo - Nabarro Wells & Co. Limited
Tel: 020 7710 7407                  Email: robertlo@nabarro-wells.co.uk

Nigel Atkinson- Nabarro Wells & Co. Limited
Tel: 020 7710 7408                  Email: nigelatkinson@nabarro-wells.co.uk


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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