KING PACIFIC<0072> - Announcement


The Stock Exchange of Hong Kong Limited takes no responsibility for 
the contents of this announcement, makes no representation as to its 
accuracy or completeness and expressly disclaims any liability 
whatsoever for any loss howsoever arising from or in reliance upon 
the whole or any part of the contents of this announcement.

KING PACIFIC INTERNATIONAL HOLDINGS LIMITED
(Incorporated under the laws of Bermuda with limited liability)

The year 2000 compliance issue

The board of directors (the ``Board'') of King Pacific International 
Holdings Limited (the ``Company'') is pleased to announce that the 
Company together with its subsidiaries (the ``Group'') have achieved 
Year 2000 compliance on 30th September, 1999.

The Board is pleased to announce that the Group has achieved Year 
2000 compliance on 30th September, 1999. The Group's compliance 
program and progress updates regarding Year 2000 compliance will be 
disclosed in the 1999 Annual Report.  The Group has completed the 
modification and upgrading of the Group's equipment and software as 
planned.

The Board will continue to monitor the operation of the computer 
system of the Group to ensure that operations will not be disrupted 
as a result of the Year 2000 issue. The Board is confident that Year 
2000 issue would not have any material impact on the Group's 
operations.

By order of the board
King Pacific International Holdings Limited
Cheng Chao Ming
Managing Director

Hong Kong, 14th October, 1999