CROCODILE<0122> - Exceptional Price & Turnover Movements

The Stock Exchange has received a message from Crocodile Garments 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 decrease in the price and trading volume of the 
shares of the Company and wish to state that 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 Crocodile Garments Limited the Board of Directors of 
which individually and jointly accept responsibility for the accuracy of 
this statement.

By Order of the Board of
CROCODILE GARMENTS LIMITED

Yeung Kam Hoi
Company Secretary

Hong Kong, 25th February, 2000"