SAINT HONORE<0192> - Exceptional Price Movement

The Stock Exchange has received a message from Saint Honore Holdings 
Limited which is reproduced as follows:-

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

The board of directors (the "Board") of Saint Honore Holdings Limited 
(the "Company") has noted the recent increases in the price of the 
shares of the Company and wishes to state that it is not aware of any 
reasons for such increases.

The Board also confirms that there are no negotiations or agreements 
relating to intended acquisitions or realisations which are discloseable 
under paragraph 3 of the Listing Agreement (as defined in the Rules 
Governing the Listing of Securities on The Stock Exchange of Hong Kong 
Limited) 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 Saint Honore Holdings Limited the 
directors of which individually and jointly accept responsibility for the 
accuracy of this statement.

By order of the Board

Chan Wai Cheung, Glenn
Chairman

23 November 2000"