09:01     DONG FANG GAS<00432> - Exceptional Price Movement                   

    The Stock Exchange has received a message from Dong Fang Gas 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 decreases in the price of the shares of the Dong Fang   
    Gas Holdings Limited ("Company") today. Save and except the matter set out
    in the announcement dated 22nd January, 2003 ("Announcement"), the Company
    is not aware of any reasons for such decrease.                            
                                                                              
    Save for the matters disclosed in the Announcement, we 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 the Company, the directors individually 
    and jointly accept responsibility for the accuracy of this statement.     
                                                                              
                                                                              
    For and on behalf of                                                      
    DONG FANG GAS HOLDINGS LIMITED                                            
                                                                              
    Chan Ling, Eva                                                            
    Executive Director                                                        
                                                                              
    23rd January 2003"