UDL HOLDINGS<0620>&KEL HOLDINGS<0681> - Joint Announcement

The Stock Exchange of Hong Kong Limited takes no 
responsibility for the contents of this announcement, 
makes no representation as to its accuracy or completeness 
and expressly disclaims any liability whatsoever for any 
loss howsoever arising from or in reliance upon the whole 
or any part of the contents of this announcement.

UDL Holdings Limited
(Incorporated in Bermuda with limited liability)

KEL Holdings Limited
(Incorporated in Bermuda with limited liability)

JOINT ANNOUNCEMENT

SUMMARY

The respective board of directors (the "Board") of UDL 
Holdings Limited ("UDL") and the Board of KEL Holdings 
Limited ("KEL"), a 75% subsidiary of UDL, would like to 
update on the postponement of the court hearing date of a 
winding-up petition presented by Yun Wing Hong together 
with 83 other claimants (the "Petitioners") against UDL 
Kenworth Engineering Limited ("Kenworth"), a wholly-owned 
subsidiary of KEL, to 26 April, 1999. Subsequently, an 
Order was made by the Judge today that the hearing of the 
said petition on 26 April, 1999 be further adjourned to 24 
May, 1999.

As previously announced on 2 February and 31 March, 1999, 
the captioned winding-up petition is filed by the 
Petitioners against Kenworth.  At the hearing on 21 April, 
1999, the Master ordered that the said petition be 
adjourned to 26 April, 1999. Subsequently, an Order was 
made by the Judge today that the hearing of the said 
petition on 26 April, 1999 be further adjourned to 24 May, 
1999.

As KEL is still undertaking a scheme of arrangement with 
creditors, the Boards of UDL and KEL are of the view that 
the said petition has no impact on UDL and KEL.  The 
Boards of UDL and KEL further confirm that no material 
change has occurred since the recently announced 
information.

Save as disclosed herein, the Boards of UDL and KEL are 
not aware of any other matter discloseable under the 
general obligation imposed by paragraph 2 of the Listing 
Agreement, which is or may be of a price-sensitive nature.

Meanwhile shareholders of UDL and KEL should exercise 
caution when dealing in the shares of UDL and KEL.  
Further announcement will be made when there is any 
material development regarding the above matter.

By Order of the Board  By Order of the Board
UDL Holdings Limited   KEL Holdings Limited
Leung Yat Tung         Leung Yat Tung
Chairman               Chairman

Hong Kong, 22 April, 1999