FE HOTELS<0037> - Exceptional Price & Turnover Movements

The Stock Exchange has received a message from Far East Hotels and
Entertainment 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 increases in the price and the volume of turnover 
of the shares of the company and wish to state that we are not aware of 
any reasons for such increases.

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 Far East Hotels and Entertainment 
Limited the directors of which individually and jointly accept 
responsibility for the accuracy of this statement.

By Order of the Board
Far East Hotels and Entertainment Limited

Derek Chiu
Managing Director

26 January, 2000"