OCEAN INFORM<0497> - Exceptional Price Movement

The Stock Exchange has received a message from Ocean Information Holdings 
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 of the shares and warrants 
of 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 Ocean Information Holdings Limited the 
directors of which individually and jointly accept responsibility for the 
accuracy of this statement.

Li Kwok King
3rd June, 1999"