09:07     BP-SHKP@EC0506B<03592> - New Listing                                

    Market participants are requested to note that dealings in the 2005       
    European Style (Cash Settled) Call Warrants relating to existing issued   
    ordinary shares of HK$0.50 each of Sun Hung Kai Properties Limited issued 
    by BNP Paribas Arbitrage Issuance B.V. (the "Issuer") will commence at    
    9:30 a.m. on Thursday, 02/12/2004 under the following particulars:-       
                                                                              
    Stock Code      Stock Short Name        Board Lot                         
    ----------      ----------------        ---------                         
    3592            BP-SHKP@EC0506B         10,000 units                      
                                                                              
    Market participants are also requested to note that the stock short name  
    of the currently listed 2005 European Style (Cash Settled) Call Warrants  
    (stock code: 4567) issued by the Issuer will be changed to                
    "BP-SHKP@EC0506A" with effect from Thursday, 02/12/2004.