09:05 <09711>,<09712>,<09713> & <09715> - Announcement (3) Warrant 2: Index Hang Seng Index Type Put Launch Date 23 January, 2003 Issue Size 399,000,000 Issue Price HK$0.25 Issue Date 28 January, 2003 Expiry Date 30 July, 2003 Closing Level Final settlement price for settling the Hang Seng Index July 2003 Futures Contracts Strike Level 9,600 Board Lot 10,000 Entitlement Ratio 3,000 Warrants for one Index Premium 7.56% Gearing 12.77x Effective Gearing 6.38x Implied Volatility 25.00% Listing Date 30 January, 2003 Warrant 3: Index Hang Seng Index Type Call Launch Date 23 January, 2003 Issue Size 210,000,000 Issue Price HK$0.25 Issue Date 28 January, 2003 Expiry Date 30 July, 2003 Closing Level Final settlement price for settling the Hang Seng Index July 2003 Futures Contracts Strike Level 9,400 Board Lot 10,000 Entitlement Ratio 2,800 Warrants for one Index Premium 5.50% Gearing 13.68x Effective Gearing 7.52x Implied Volatility 24.75% Listing Date 30 January, 2003 Warrant 4: Company: Hutchison Whampoa Limited Shares: Existing issued ordinary shares of HK$0.25 each of the Company Type: Put Issue Size: 78,000,000 Launch Date: 23 January, 2003 Issue Price: HK$0.64 Issue Date: 28 January, 2003 Expiry Date: 30 July, 2003 Exercise Price: HK$48.00 Board Lot: 10,000 Entitlement Ratio: Ten Warrants for one Share Premium: 17.62% Gearing: 7.89x Effective Gearing: 3.08x Implied Volatility: 36.50% Listing Date: 30 January, 2003 24 January, 2003 SGA Societe Generale Acceptance N.V.