08:52     Closing Bid and Ask Quotes in London                                

                                                                              
    Closing bid and ask quotes on 27 November 2002 as quoted by SEAQ (London) 
    are as follows:                                                           
                                                                              
    (HK$)                 BID      ASK    (HK$)                 BID      ASK  
    BEIJING DATANG   :   2.40     2.65    HOPEWELL HOLD    :   4.95     5.20  
    BEIJING YANHUA   :   0.69     0.94    HSBC HOLDINGS    :  90.00    90.00  
    BANK OF E ASIA   :  13.50    14.00    HUTCHISON        :  51.50    53.50  
    CATHAY PAC AIR   :  11.00    11.50    HYSAN DEV        :   5.85     6.10  
    CHEUNG KONG      :  54.35    57.00    JOHNSON ELEC H   :   8.95     9.20  
    CHINA RESOURCES  :   7.05     7.55    LEGEND HOLD      :   2.75     3.00  
    CHINA MOBILE     :  20.20    21.10    LI & FUNG        :   8.00     8.50  
    CHINA UNICOM     :   5.80     6.25    MTR CORPORATION  :   8.75     9.25  
    CITIC PACIFIC    :  15.25    16.20    NEW WORLD DEV    :   4.41     4.80  
    CKI HOLDINGS     :  13.50    14.00    NEW WORLD INFRA  :   1.90     2.15  
    CLP HOLDINGS     :  31.30    32.30    SCMP GROUP       :   3.36     3.61  
    CNOOC            :   9.40     9.65    SHANGHAI IND H   :  11.05    11.55  
    ESPRIT HOLDINGS  :  13.60    15.60    SHANGHAI PECHEM  :   1.00     1.10  
    FIRST PACIFIC    :   0.65     0.90    SHANGRI-LA ASIA  :   4.90     5.15  
    GREAT EAGLE H    :   5.10     5.60    SMARTONE TELE    :   8.45     8.95  
    GUANGSHEN RAIL   :   1.27     1.37    SHK PPT          :  50.775   53.50  
    HANG LUNG GROUP  :   6.30     6.55    SINO LAND        :   2.46     2.86  
    HANG LUNG PPT    :   7.20     7.45    SWIRE PACIFIC A  :  31.60    32.60  
    HANG SENG BANK   :  84.35    86.85    TRACKER FUND     :   9.85    10.30  
    HENDERSON LAND   :  27.35    28.25    WHARF HOLDINGS   :  15.75    16.30  
    HK & CHINA GAS   :  10.10    10.60    WHEELOCK         :   5.30     5.80  
    HK ELECTRIC      :  30.30    31.30    ZHEJIANGEXPRESS  :   2.60     2.75