LAI SUN DEV<00488> - Exceptional Price Movement

The Stock Exchange has received a message from Lai Sun Development Company 
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 
increase.

We also confirm that, save for the matters disclosed in the respective 
announcements of the Company and the joint announcement of the Company and 
eSun Holdings Limited both dated 30th April, 2003, 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 Lai Sun Development Company Limited the Board of 
Directors of which individually and jointly accept responsibility for 
the accuracy of this statement.


By Order of the Board of
Lai Sun Development Company Limited

Yeung Kam Hoi
Company Secretary

Hong Kong, 5th May, 2003"