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 decreases in the price and the increases in 
trading volume of the shares of the Company and wish to state that we are 
not aware of any reasons for such increases/decreases.

We also confirm that, save as disclosed in the Company announcement 
published on 10 January 2000, 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.

Cheng Chao Ming

13 January 2000"