MIRABELL INT'L<01179> - Exceptional Price & Turnover Movements

The Stock Exchange has received a message from Mirabell 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 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 increases.

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 Mirabell International Holdings Limited the Board of
the directors of which individually and jointly accept responsibility for 
the accuracy of this statement.


MR. TANG WAI LAM

24 July 2003"