UDL HOLDINGS<0620> - 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)

ANNOUNCEMENT

Further to the announcement dated 28 January 2000, the 
directors of UDL Holdings Limited are pleased to update the 
shareholders' on the status of today's Court meeting that:-

Court orders have been given for the Company and certain of 
its subsidiaries to convene Court Meetings of their 
respective creditors to consider the Scheme of Arrangement 
which are now scheduled on 14 March 2000.

The Board of Directors of the Company intend to hold the 
creditors meeting on 14 March 2000.

Further announcement will be made when there is any material 
development of the matter.

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

Hong Kong, 3 February 2000