08:59     Exotic Warrant Information (4)                                      

    The Exchange endeavours to ensure the accuracy and reliability of the     
    information provided, but does not guarantee its accuracy and             
    expressly disclaims any liability whatsoever for any loss howsoever       
    arising from or in reliance upon the whole or any part of the contents    
    of the information relating to exotic warrants.  Investors are            
    reminded to refer to the related warrant listing documents for details    
    of the terms and conditions of the warrant.                               
                                                                              
    Stock Code                                                                
    (List Date)       Sailent Features                                        
    --------------    -----------------------------------------------         
                                                                              
    9523              European-style Locked-In Return Call Warrants           
    2/9/2002          May only be exercised on 2/1/2004                       
                      Cash Settlement Amount is the sum of all Quarterly      
                      Cash Settlement Amounts divided by the number of        
                      Quarterly Fixing Dates, less the Exercise Expenses.     
                      The Quarterly Cash Settlement Amount in respect of      
                      each Quarterly Fixing Date is the greater of            
                      (i) zero and (ii) the arithmetic mean of the            
                      closing price of one underlying share on the five       
                      business days immediately preceding the relevant        
                      Quarterly Fixing Date less the Exercise Price.          
                      The Quarterly Fixing Dates are 2nd October 2002,        
                      2nd January 2003, 1st April 2003, 2nd July 2003,        
                      2nd October 2003 and 2nd January 2004.                  
                                                                              
    9533              European-style Locked-In Return Index Call Warrants     
    11/9/2002         May only be exercised on 30/3/2004                      
                      Cash Settlement Amount is the sum of all Quarterly      
                      Cash Settlement Amounts divided by the number of        
                      Quarterly Fixing Dates, less the Exercise Expenses.     
                      The Quarterly Cash Settlement Amount in respect of      
                      each Quarterly Fixing Date is the greater of            
                      (i) zero and (ii) HK$1.00 multipled by the average      
                      of the quotations for the Index recorded at the         
                      end of every five-minutes on such Quarterly Fixing      
                      Date less the Strike Level.                             
                      The Quarterly Fixing Dates are 30th December 2002,      
                      28th March 2003, 27th June 2003,                        
                      29th September 2003, 30th December 2003 and             
                      30th March, 2004                                        
                                                                              
    9547              European-style Locked-In Return Call Warrants           
    19/9/2002         May only be exercised on 1/4/2004                       
                      Cash Settlement Amount is the sum of all Quarterly      
                      Cash Settlement Amounts divided by the number of        
                      Quarterly Fixing Dates, less the Exercise Expenses.     
                      The Quarterly Cash Settlement Amount in respect of      
                      each Quarterly Fixing Date is the greater of            
                      (i) zero and (ii) the arithmetic mean of the            
                      closing price of one underlying share on the five       
                      business days immediately preceding the relevant        
                      Quarterly Fixing Date less the Exercise Price.          
                      The Quarterly Fixing Dates are 2nd January 2003,        
                      1st April 2003, 2nd July 2003, 2nd October 2003,        
                      2nd January 2004 and 1st April 2004.                    
                                                                              
    9548              European-style Locked-In Return Call Warrants           
    19/9/2002         May only be exercised on 1/4/2004                       
                      Cash Settlement Amount is the sum of all Quarterly      
                      Cash Settlement Amounts divided by the number of        
                      Quarterly Fixing Dates, less the Exercise Expenses.     
                      The Quarterly Cash Settlement Amount in respect of      
                      each Quarterly Fixing Date is the greater of            
                      (i) zero and (ii) the arithmetic mean of the            
                      closing price of one underlying share on the five       
                      business days immediately preceding the relevant        
                      Quarterly Fixing Date less the Exercise Price.          
                      The Quarterly Fixing Dates are 2nd January 2003,        
                      1st April 2003, 2nd July 2003, 2nd October 2003,        
                      2nd January 2004 and 1st April 2004.                    
                                                                              
    9561              European-style Locked-In Return Call Warrants           
    8/10/2002         May only be exercised on 1/4/2004                       
                      Cash Settlement Amount is the sum of all Quarterly      
                      Cash Settlement Amounts divided by the number of        
                      Quarterly Fixing Dates, less the Exercise Expenses.     
                      The Quarterly Cash Settlement Amount in respect of      
                      each Quarterly Fixing Date is the greater of            
                      (i) zero and (ii) the arithmetic mean of the            
                      closing price of one underlying share on the five       
                      business days immediately preceding the relevant        
                      Quarterly Fixing Date less the Exercise Price.          
                      The Quarterly Fixing Dates are 2nd January 2003,        
                      1st April 2003, 2nd July 2003, 2nd October 2003,        
                      2nd January 2004 and 1st April 2004.