SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - GEM                                              PRINTED: 22/12/99  PAGE:   1
                                                                                SUBSTANTIAL SHAREHOLDERS' NOTIFICATIONS REPORT

STOCK NAME :  AIR Holdings                   (8025)         * ISC as at 22/12/99 :         480,000,000

Name of Sub. Shareholder   Date     Reason    Present Bal.     Previous Bal.             Share Jointly Held                          Corporate Interest                          Family Interest
------------------------ -------- ---------- ---------------  ---------------  -----------------------------------------  -----------------------------------------  -----------------------------------------
ALDGATE AGENTS LIMITED   16/12/99 2               66,120,000             N.A.                                                                                                                  

NEW WORLD CYBERBASE LIM- 16/12/99 2               66,120,000             N.A.                                             ALDGATE AGENTS LTD             66,120,000                            
ITED                                                                                                                                                                 


                    * ISC refers to the latest Issued Share Capital of the listed company recorded by the Exchange as at the date of this summaries.  It might not promptly reflect 
                      changes caused by share placements, rights issue, bonus issue, etc.  Readers should exercise caution when using these figures.

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