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 (the "Board") of Oxford Properties & Finance 
Limited ("the Company") has noted the recent decrease in the price and the 
increase in the trading volume of the shares of the Company and wishes to 
state that it is not aware of any reasons for such movements.

Save for the information disclosed in the announcements of the Company 
dated 1 April 2003, 14 April 2003, 2 July 2003, 4 August 2003, 4 September 
2003, 2 October 2003 and 4 November 2003, the Board confirms that there 
are no negotiations or agreements relating to the 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
Oxford Properties & Finance Limited

Michael Seto Chak Wah
Executive Director

Hong Kong, 8th March 2004"