10:35 Exotic Warrant Information (31) 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) Salient Features -------------- ------------------------------------------------------ 2221 European-style Average Return Call Warrants 5/8/2004 May only be exercised on 29/5/2006 Cash Settlement Amount is the sum of all Periodic Reference Prices divided by the number of Periodic Fixing Dates, less the Exercise Price and the Exercise Expenses. The Periodic Reference Price in respect of each Periodic Fixing Date is the arithmetic mean of the closing price of one underlying share on the five business days immediately preceding the relevant Periodic Fixing Date. The Periodic Fixing Dates are 19th October 2004, 11th January 2005, 6th April 2005, 28th June 2005 20th September 2005, 12th December 2005, 6th March 2006 and 29th May 2006 2248 European-style Window Barrier Call Warrants 17/8/2004 May only be exercised on 26/9/2005 unless "knocked out". If on any Exchange Business Day during the Window Period, the closing level of the Underlying is equal to or less than the Barrier Strike Price, the Window Barrier Warrants will "knock out". Trading in the Warrants will cease after the close of business on the day on which the Warrants "knock out". If the Warrants "knock out", the Issuer will pay to each Warrantholder the Rebate per Warrant. The Rebate will be paid five Business Days after the day on which the Warrant "knocks out". Following the payment of the Rebate the Warrants will expire. If the Warrants do not "knock out" during the Window Period, the Warrants will expire on the Expiry Date. The Window Period is 17th August 2004 to 30th August 2004 (both days inclusive). The Rebate per Warrant is HK$0.25 and the Barrier Strike Price is HK$5.00 2282 European-style Average Return Call Warrants 26/8/2004 May only be exercised on 6/6/2005 Cash Settlement Amount is the sum of all Periodic Reference Prices divided by the number of Periodic Fixing Dates, less the Exercise Price and the Exercise Expenses. The Periodic Reference Price in respect of each Periodic Fixing Date is the arithmetic mean of the closing price of one underlying share on the five business days immediately preceding the relevant Periodic Fixing Date. The Periodic Fixing Dates are 1st November 2004, 11th January 2005, 29th March 2005 and 6th June 2005 2296 European-style Window Barrier Call Warrants 2/9/2004 May only be exercised on 27/6/2005 unless "knocked out". If on any Exchange Business Day during the Window Period, the closing level of the Underlying is equal to or less than the Barrier Strike Price, the Window Barrier Warrants will "knock out". Trading in the Warrants will cease after the close of business on the day on which the Warrants "knock out". If the Warrants "knock out", the Issuer will pay to each Warrantholder the Rebate per Warrant. The Rebate will be paid five Business Days after the day on which the Warrant "knocks out". Following the payment of the Rebate the Warrants will expire. If the Warrants do not "knock out" during the Window Period, the Warrants will expire on the Expiry Date. The Window Period is 2nd September 2004 to 15th September 2004 (both days inclusive). The Rebate per Warrant is HK$0.25 and the Barrier Strike Price is HK$10.50