UDL HOLDINGS<0620> - Exceptional Price & Turnover Movements

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 had noted the increase in the price and the trading volume of the 
shares of the Company today and wish to state that we received a 
notification from a substantial shareholder of the Company previously 
holding 321,192,993 shares representing 38.2% of the existing issued share 
capital of the Company had increased its shareholding in the Company to 
325,992,993 shares representing 38.8% of the existing issued share capital 
of the Company as at 15 March 2000.

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 and on behalf of
UDL Holdings Limited 

Leung Yat Tung
Chairman

15th March, 2000"