09:52 <02165>,<02167>,<02192>&<02193> - Announcement (1) The Stock Exchange of Hong Kong Limited (the "Stock Exchange") takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness 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 this announcement. Notice of Expiry of Warrants issued by BNP Paribas Arbitrage Issuance B.V. (incorporated in the Netherlands with its statutory seat in Amsterdam) unconditionally and irrevocably guaranteed by BNP Paribas (incorporated in France) Sponsor/Manager Paribas Asia Equity Limited Notice of Expiry relating to the following warrants (together the " Warrants"): Stock Code 2165 2167 2192 2193 Company Sun Hung Kai Properties Limited Aluminum Corporation of China Limited China Petroleum & Chemical Corporation Hutchison Whampoa Limited Shares Existing issued ordinary shares of HK$0.50 each of the Company Existing issued ordinary H shares of RMB1.00 each of the Company Existing issued ordinary H shares of RMB1.00 each of the Company Existing issued ordinary shares of HK$0.25 each of the Company Type Call Call Call Call Issue Size 200,000,000 150,000,000 400,000,000 230,000, 000 Expiry Date 28 January 2005 28 January 2005 28 January 2005 28 January 2005 Exercise Price HK$68.00 per ten Warrants HK$4.90 per Warrant HK$3.20 per Warrant HK$55.00 per ten Warrants Board Lot 10,000 Warrants 2,000 Warrants 2,000 Warrants 10,000 Warrants Entitlement One Share One Share One Share One Share Exercise Amount Ten Warrants One Warrant One Warrant Ten Warrants Last Trading Date 24 January 2005 24 January 2005 24 January 2005 24 January 2005 Closing price of the Warrants as of 18 January 2005 HK$0.40 HK$0.017 HK$0.021 HK$1.59 Closing price of the Shares as of 18 January 2005 HK$71.75 HK$4.375 HK2.975 HK$71.00 BNP Paribas Arbitrage Issuance B.V. (the "Issuer") would like to remind holders of Warrants that under the terms and conditions of the Warrants ( the "Conditions"), the rights to exercise the Warrants will expire at 10: 00 a.m. (Hong Kong time) on the Expiry Date (subject to Adjustment). The Warrants are European Style and exercisable only on the Expiry Date. No registrar has been appointed. Every Exercise Amount gives the Warrantholder the right to payment (if any) of the Cash Settlement Amount being an amount in Hong Kong dollars calculated by the Issuer as equal to: Entitlement x (Closing Price - Exercise Price) - Exercise Expenses "Closing Price" means the arithmetic mean of the closing price of one Share (as derived from the Daily Quotation Sheet of the Stock Exchange ( subject to any adjustments)) for each Valuation Date (being each of five Business Days immediately preceding the Expiry Date).