COSCO PACIFIC<01199> - Unusual price movement

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

"The following 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 we 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 rule 
13.23, neither is the Board aware of any matter discloseable under the 
general obligation imposed by rule 13.09, which is or may be of a price-
sensitive nature.

Made by the order of the Board of the Company, the directors of which 
individually and jointly accept responsibility for the accuracy of this 
statement.

As at the date of this statement, the Board comprises Dr. WEI Jiafu 2 
(Chairman), Mr. CHEN Hongsheng 1, Mr. LI Jianhong 1, Ms. SUN Yueying 1, Mr. 
XU Lirong 2, Dr. SUN Jiakang 2, Mr. XU Minjie1 (Vice Chairman & Managing 
Director), Mr. WONG Tin Yau, Kelvin1, Mr. WANG Zhi1, Mr. QIN Fuyan1, Dr. 
LI Kwok Po, David 3, Mr. LIU Lit Man 3, Mr. CHOW Kwong Fai, Edward 3 and Mr. 
Timothy George FRESHWATER 3.

1 Executive Director
2 Non-executive Director 
3 Independent Non-executive Director


By Order of the Board

Xu Minjie
Vice Chairman & Managing Director

February 15, 2007"