HAYWOOD INV<00905> - Exceptional Turnover Movement

The Stock Exchange has received a message from Haywood Investments 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 trade volume of the 
shares of the Company and wish to state that we are not aware of any 
reasons for such increase.

We also confirm that there are no negotiations or agreements relating to 
intended acquisitions or realizations 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 HAYWOOD INVESTMENTS LIMITED the 
directors of which individually and jointly accept responsibility for the 
accuracy of this statement.


Wong Fong Kim
Director
For and on behalf of
HAYWOOD INVESTMENTS LIMITED

Hong Kong, 24 January 2003"