09:06     CA-SHK P@EC0507<03810> - New Listing                                

    Market participants are requested to note that dealings in the 2005       
    European Style (Cash Settlement) Call Warrants relating to existing issued
    ordinary shares of HK$0.50 each in Sun Hung Kai Properties Limited issued 
    by Calyon Financial Products (Guernsey) Limited will commence at 9:30 a.m.
    on Thursday, 20/01/2005 under the following particulars:-                 
                                                                              
                                                                              
    Stock Code      Stock Short Name        Board Lot                         
    ----------      ----------------        ---------                         
    3810            CA-SHK P@EC0507         10,000 units