KING PACIFIC<0072> - Exceptional Price Movement

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 of the shares of the 
Company and wish to state that, save as the Company's announcement dated 
26th June, 2000 in relation to the purchase of a property in H.K. which 
constitutes a discloseable transation, we are not aware of any reasons for 
such decreases.

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.

Cheng Chao Ming, Jenson

Hong Kong, 7th July, 2000"