Page 18 of 19 Pages JOINT FILING AGREEMENT The undersigned hereby agree that the statement on Schedule 13G with respect to the Common Stock of Homeland Holding Corporation, dated as of August 10, 1999 is, and any amendments thereto signed by each of...

                                              Page 18 of 19 Pages


                      JOINT FILING AGREEMENT

The undersigned  hereby agree that the statement on Schedule 13G with respect to
the Common Stock of Homeland  Holding  Corporation,  dated as of August 10, 1999
is, and any amendments thereto signed by each of the undersigned shall be, filed
on  behalf of us  pursuant  to and in  accordance  with the  provisions  of Rule
13d-1(f) under the Securities Exchange Act of 1934.


Date:  August 10, 1999                 XXXXX FUND MANAGEMENT LLC


                                       By:   /S/ XXXX X. XXXXXX
                                             -----------------------------------
                                             Xxxx X. Xxxxxx
                                             Managing Director


                                       XXXXXX XXXXX


                                       By:   /S/ XXXX X. XXXXXX
                                             -----------------------------------
                                             Xxxx X. Xxxxxx
                                             Attorney-in-Fact



                                       XXXXXXX X. XXXXXXXXXXXXX


                                       By:   /S/ XXXX X. XXXXXX
                                             -----------------------------------
                                             Xxxx X. Xxxxxx
                                             Attorney-in-Fact


                                       SATELLITE ASSET MANAGEMENT, L.P.

                                       By:   Satellite Fund Management LLC
                                             its General Partner


                                             By:  /S/ XXXX X. XXXXXXXXXX
                                                  ------------------------------
                                                  Xxxx X. Xxxxxxxxxx
                                                  Managing Member

                                       SATELLITE FUND MANAGEMENT LLC


                                       By:   /S/ XXXX X. XXXXXXXXXX
                                             -----------------------------------
                                             Xxxx X. Xxxxxxxxxx
                                             Managing Member






                                                             Page 16 of 19 Pages


                                       XXXX XXXXXXX


                                       /S/ XXXX XXXXXXX
                                       -----------------------------------------


                                       XXXX X. XXXXXXXXXX


                                       /S/ XXXX X. XXXXXXXXXX
                                       -----------------------------------------



                                       XXXXXXX XXXXXXXXX


                                       /S/ XXXXXXX XXXXXXXXX
                                       -----------------------------------------