OXFORD PPT<00220> - Exceptional Price & Turnover Movements

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.

The board of directors of the Company (the "Board") has noted the recent 
increase in the trading price and trading volume of the shares of the 
Company and wishes to state that we are not aware of any reasons for such 
increase.

Save for the information as contained in announcements of the Company 
dated 9 October and 25 October, the Board confirms 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, the directors of which individually and 
jointly accept responsibility for the accuracy of this statement.


For and on behalf of 
Oxford Properties & Finance Limited

"Seto Chak Wah", alias, "Szeto Chak Wah"
Chairman

19 December 2002"