SOUTH EAST GP<0726> - Exceptional Price & Turnover Movements

The Stock Exchange has received a message from South East Group 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 increase 
in trading volume 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 South East Group Limited the directors 
of which individually and jointly accept responsibility for the accuracy 
of this statement.

William King Jakel

Hong Kong, 8th July, 1999"