Highway Holdings Limited Declares Cash Dividend

Highway Holdings Limited Declares Cash Dividend

HONG KONG, Feb. 28, 2013 (GLOBE NEWSWIRE) -- Highway Holdings Limited
(Nasdaq:HIHO) today announced its board of directors has declared a cash
dividend of $0.03 per share on the company's common stock. The dividend will
be paid on April 15, 2013 to shareholders of record on March 28, 2013.

About Highway Holdings

Highway Holdings produces a wide variety of high-quality products for blue
chip original equipment manufacturers -- from simple parts and components to
sub-assemblies and finished products. Highway Holdings' administrative offices
are located in Hong Kong, and its manufacturing facilities are located in
Shenzhen in the People's Republic of China.

Except for the historical information contained herein, the matters discussed
in this press release are forward-looking statements which involve risks and
uncertainties, including but not limited to economic, competitive,
governmental, political and technological factors affecting the company's
revenues, operations, markets, products and prices, and other factors
discussed in the company's various filings with the Securities and Exchange
Commission, including without limitation, the company's annual reports on Form
20-F.

CONTACT: Gary S. Maier
         Maier & Company, Inc.
         (310) 471-1288