10:13     MSDW - Daily Trading Summary of Derivative Warrants                 

    The Stock Exchange of Hong Kong Limited received notifications            
    regarding the daily trading summary of derivative warrants as follows:-   
                                                                              
    Trade Date - 04012005                                                     
                                                                              
                                                                              
                                                                              
                                           Average                  Percent   
                              Number      (HK$) per                of Issue   
                                of         Warrant     Number of     Still    
    Stock           Stock    Warrants       Bought   Warrants Still  out in   
    Short Name       Code  Bought/(Sold)   /(Sold)   out in Market   Market   
    ---------------  ----  -------------  ---------  -------------- --------  
    MS-HSBC@EC0506   3562       500,000     0.222       16,848,000     4.7%   
    MS-HSBC@EC0506   3562      (588,000)   (0.219)      16,848,000     4.7%   
    MS-HSBC@EP0509   3563        -            -                  0     0.0%   
    MS-HSCEI@EP0507  3628        -            -                  0     0.0%   
    MS-HSCEI@EC0510  3629        -            -                  0     0.0%   
    MS-HSI@EP0506    3630      (100,000)   (0.216)         760,000     0.2%   
    MS-HSI@EP0509    3631       110,000     0.224                0     0.0%   
    MS-HSI@EC0512    3632      (220,000)   (0.169)         910,000     0.2%   
    MS-HSI @EP0506B  3737        -            -                  0     0.0%   
    MS-HSI @EP0507   3738        -            -                  0     0.0%   
    MS-HSBC @EP0506  3739        -            -                  0     0.0%