UDL HOLDINGS<0620> - Exceptional Price Movement

The Stock Exchange has received a message from UDL 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 decreases in the price of the shares of the 
Company and wish to state that except a court hearing in respect of a 
winding-up petition presented by The Hongkong & Shanghai Banking 
Corporation Limited against the Company to be held on 28 April, 1999, we 
are not aware of any reasons for such decrease.

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 UDL Holdings Limited, the directors of 
which individually and jointly accept responsibility for the accuracy of 
this statement.

For on and behalf of
UDL Holdings Limited 

Leung Yuet Keung
Director

27 April, 1999"