KING PACIFIC<0072> - Exceptional Price & Turnover Movements

The Stock Exchange has received a message from King Pacific International 
Holdings Limited which is reproduced as follows:-

"This statement is made at the request of The Stock Exchange of Hong Kong 
Limited.

We have noted the recent increases in the price and the increases in 
trading volume of the Company and wish to state that we are not aware of 
any reasons for such increases.

We also confirm that there are no negotiations or agreements relating to 
intended acquisitions or realisations which are discloseable under 
paragraph 3 of the Listing Agreement, neither is the Board aware of any 
matter discloseable under the general obligation imposed by paragraph 2 of 
the Listing Agreement, which is or may be of a price-sensitive nature.

Made by the order of the Board of King Pacific International Holdings 
Limited the directors of which individually and jointly accept 
responsibility for the accuracy of this statement.

For and on behalf of
King Pacific International Holdings Limited 

Cheung Wing Keung, Samuel

28 December 1999"