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               KEL Holdings Limited
(Incorporated in                   (Incorporated in
Bermuda with limited liability)    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 Ajax Pong Machinery Leasing Limited ("Ajax") 
against UDL Kenworth Engineering Limited ("Kenworth"), a 
wholly-owned subsidiary of KEL, to 5 July, 1999.

As previously announced on 23 October, 1998, 1 December, 1998, 
7th January, 1999 and 18 January, 1999, the winding-up petition 
presented by Ajax against Kenworth is in relation to an amount 
of HK$317,465.93. At the hearing on 26 April, 1999, the 
honourable Madam Justice Le Pichon ordered that the said 
petition be adjourned with the next hearing on 5 July, 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, 26 April, 1999