MANSION HOLDING<0547> - Exceptional Price Movement

The Stock Exchange has received a message from Mansion Holdings Limited 
which is reproduced as follows:-

"This Statement is made at the request of The Stock Exchange of Hong Kong 
Limited.

The Company was informed that Mr. Li Kwok Lung, Alfred Ronald ("Mr. 
Li"), a director of the Company, disposed of 3,000,000 shares of the 
Company, representing approximately 0.1% of the existing issued share 
capital.

Save for the above dealings by Mr. Li, the Company is not aware of any 
other reasons which resulted in the increase in the price of the shares of 
the Company on 7th January, 2000.

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 Mansion Holdings Limited the directors 
of which individually and jointly accept responsibility for the accuracy 
of this statement.

For and on behalf of
Mansion Holdings Limited

Law Wai Chung, Allen
Deputy Managing Director

7 January 2000"