09:56     BOC HONG KONG<02388> - Announcement (7)                             

    comply with Rules 14A.35(3) and (4).                                      
                                                                              
    INFORMATION REGARDING THE GROUP                                           
                                                                              
    The Group is principally engaged in commercial banking business in Hong   
    Kong. The Group offers a comprehensive range of financial products and    
    services to retail and corporate customers. BOCHK, the Company's          
    principal operating subsidiary, is one of the three bank note issuing     
    banks in Hong Kong. In addition, the Group has 14 branches in China to    
    meet the cross-border banking needs of its Hong Kong and China            
    customers. The Group is the second largest commercial banking group in    
    Hong Kong in terms of assets and customer deposits. The Group's three     
    principal lines of business are retail banking, corporate banking and     
    treasury operations.                                                      
                                                                              
    DEFINITIONS                                                               
                                                                              
    In this announcement, the following expressions shall have the meanings   
    set out below unless the context otherwise requires:                      
                                                                              
    "2.5% Threshold"        2.5% of each of the percentage ratios (other      
    than the profits ratio) on an annual basis referred to in Rule            
    14A.34(1), where applicable                                               
                                                                              
    "associate"        has the meaning ascribed to it in the Listing Rules    
                                                                              
    "BOC"        Bank of China Limited, a joint stock limited liability       
    commercial bank established under the laws of the PRC and the indirect    
    holder of more than 60% of the equity capital in the Company              
                                                                              
    "BOC Insurance"        Bank of China Group Insurance Company Limited, a   
    company incorporated under the laws of Hong Kong and a wholly owned       
    subsidiary of BOC                                                         
                                                                              
    "BOC Life"        BOC Group Life Assurance Company Limited, a company     
    incorporated under the laws of Hong Kong and a wholly owned subsidiary    
    of BOC Insurance                                                          
                                                                              
    "BOC-CC"        BOC Credit Card (International) Limited, a company        
    incorporated under the laws of Hong Kong and a wholly owned subsidiary    
    of BOCHK                                                                  
                                                                              
    "BOCHK"        Bank of China (Hong Kong) Limited, a company incorporated  
    under the laws of Hong Kong and a wholly owned subsidiary of the Company  
                                                                              
    "BOCI"        BOC International Holdings Limited, a company incorporated  
    under the laws of Hong Kong and a wholly owned subsidiary of BOC          
                                                                              
    "BOCI Capital"        BOCI Capital Limited, a company incorporated under  
    the laws of Hong Kong and a wholly owned subsidiary of BOCI               
                                                                              
    "BOCI Securities"        BOCI Securities Limited, a company incorporated  
    under the laws of Hong Kong and an indirect wholly owned subsidiary of    
    BOCI                                                                      
                                                                              
    "BOCI-Prudential        BOCI-Prudential Asset Management Limited, a       
    company                                                                   
      Manager"        incorporated under the laws of Hong Kong, in which      
    BOCI Asset Management Limited, a wholly owned subsidiary of BOCI, and     
    Prudential Corporation Holdings Limited hold equity interests of 64% and  
    36%, respectively                                                         
                                                                              
    "BOC-Prudential Trustee"        BOCI-Prudential Trustee Limited, a        
    company incorporated under the laws of Hong Kong, in which BOC Group      
    Trustee and Prudential Corporation Holdings Limited hold equity           
    interests of 64% and 36% respectively                                     
                                                                              
    "Company"        BOC Hong Kong (Holdings) Limited, a company              
    incorporated under the laws of Hong Kong, the shares of which are listed  
    on the Stock Exchange                                                     
                                                                              
    "Continuing Connected         the continuing connected transactions set   
    out in the section                                                        
      Transactions"        headed "Particulars of the Continuing Connected    
    Transactions" of this announcement, further details of which have been    
    disclosed in the Prospectus                                               
                                                                              
    "Credit Card Agreement"        the Credit Card Co-operation and Services  
    Agreement dated 6 July 2002 between BOC and BOC-CC (as amended and        
    supplemented from time to time)                                           
                                                                              
    "Group"        the Company and its subsidiaries                           
                                                                              
    "Independent Board         a committee of the board of directors of the   
    Company                         comprising all