CHEVALIER CONS<00579> - Exceptional Turnover Movement

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 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, save as disclosed in the announcement jointly made 
by the Company and Chevalier International Holdings Limited ("CIHL") dated 
31st October, 2003 in relation to the proposed privatisation of the 
Company by CIHL by way of scheme of arrangement at a cancellation price of 
HK$0.25 per Share held by shareholders of the Company other than CIHL, 
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 of directors of the Company 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 the Company the directors of which 
individually and jointly accept responsibility for the accuracy of this 
statement and confirm, having made all reasonable enquiries, that to the 
best of their knowledge, opinions expressed in this statement have been 
arrived at after due and careful consideration and there are no other 
facts not contained in this statement, the omission of which would make 
this statement misleading.


For and on behalf of
CHEVALIER CONSTRUCTION HOLDINGS LIMITED

Kan Ka Hon
Company Secretary

4 November, 2003"