SAINT HONORE<00192> - 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.

We have noted the recent increase in the price of the shares of the 
Company on 17 December 2003 and wish to state that save as the 
announcement dated 16 December 2003 in relation to our results for the six 
months ended 30 September 2003, we are not aware of any reasons for such 
an 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-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.

By Order of the Board
Saint Honore Holdings Limited

Wong Tsui Yue Lucy
Company Secretary

Hong Kong, 17 December 2003"