UDL HOLDINGS<00620> - 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 increase in the price of the shares of the 
Company and wish to state that we are not aware of any reasons for such 
movement save for the matter disclosed in the Company's announcements 
dated 4 October 2002, 25 October 2002, 1 November 2002, 8 November 2002, 
15 November 2002 and 20 November 2002.

Save for the above, we 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 order of the Board of the Company, the directors of which 
individually and jointly accept responsibility for the accuracy of 
this statement.

For and on behalf of 
UDL Holdings Limited

Leung Yu Oi Ling, Irene
Chairman

Hong Kong, 27 November 2002"