UBA INVESTMENTS<00768> - Exceptional Price Movement

The Stock Exchange has received a message from UBA 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 unusual movement in price of the shares of the 
Company and wish to state that we are not aware of any reasons for such 
fluctuation.

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 Company the directors of which individually and 
jointly accept responsibility for the accuracy of this statement.


Li Kwok Cheung, George

3rd March, 2004"