OXFORD PPT<0220> - Exceptional Price Movement

The Stock Exchange has received a message from Oxford Properties & Finance 
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 of the shares 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 and realisations of assets and other transactions 
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 the directors of Oxford Properties & 
Finance Limited the directors of which individually and jointly accept 
responsibility for the accuracy of this statement.

For and on behalf of 
Oxford Properties & Finance Limited

Wong Shu Yuen
Director

8th February, 2000"