CHEVALIER CONS<00579> - Exceptional Price & Turnover Movements

The Stock Exchange has received a message from Chevalier Construction 
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 increase in the price and trading volume of the 
shares of the Company and wish to state that we are not aware of 
any reasons for such increase.

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 and turnover 
sensitive nature.

Made by the order of the Board of the Company the Directors of 
which individually and jointly accept responsibility for the accuracy of 
this statement.


For and on behalf of
CHEVALIER CONSTRUCTION HOLDINGS LIMITED

Kan Ka Hon
Company Secretary

28th May, 2002"