VANDA SYSTEMS<00757> - Exceptional Price & Turnover Movements

The Stock Exchange has received a message from Vanda Systems & 
Communications 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 increase in the trading volume and the decrease in price 
of the shares of the Company today and wish to state that we are not aware 
of any reasons for such changes.

Save in respect of the matters disclosed in the Company's announcement 
dated 10 March 2004, we 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 Vanda Systems & Communications Holdings 
Limited, directors of which individually and jointly accept responsibility 
for the accuracy of this statement.


Loh Tiak Koon
Chief Executive Officer

11th March, 2004"