10:27     Exotic Warrant Information (9)                                      

    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                                        
    --------------    ------------------------------------------------------  
                                                                              
    9345              European-style Locked-In Return Call Warrants           
    8/12/2003         May only be exercised on 10/3/2006                      
                      Cash Settlement Amount is the sum of all Periodic       
                      Cash Settlement Amounts divided by the number of        
                      Periodic Fixing Dates, less the Exercise Expenses.      
                      The Periodic Cash Settlement Amount in respect of       
                      each Periodic Fixing Date is the greater of             
                      (i) zero and (ii) the arithmetic mean of the            
                      closing price of one underlying share on the five       
                      business days immediately preceding the relevant        
                      Periodic Fixing Date less the Exercise Price.           
                      The Periodic Fixing Dates are 10th June 2004,           
                      10th January 2005, 10th August 2005 and 10th March      
                      2006.                                                   
                                                                              
    9346              European-style Locked-In Return Call Warrants           
    8/12/2003         May only be exercised on 10/3/2005                      
                      Cash Settlement Amount is the sum of all Periodic       
                      Cash Settlement Amounts divided by the number of        
                      Periodic Fixing Dates, less the Exercise Expenses.      
                      The Periodic Cash Settlement Amount in respect of       
                      each Periodic Fixing Date is the greater of             
                      (i) zero and (ii) the arithmetic mean of the            
                      closing price of one underlying share on the five       
                      business days immediately preceding the relevant        
                      Periodic Fixing Date less the Exercise Price.           
                      The Periodic Fixing Dates are 10th March 2004,          
                      9th July 2004, 10th November 2004 and 10th March        
                      2005.                                                   
                                                                              
    9347              European-style Locked-In Return Call Warrants           
    8/12/2003         May only be exercised on 10/3/2005                      
                      Cash Settlement Amount is the sum of all Periodic       
                      Cash Settlement Amounts divided by the number of        
                      Periodic Fixing Dates, less the Exercise Expenses.      
                      The Periodic Cash Settlement Amount in respect of       
                      each Periodic Fixing Date is the greater of             
                      (i) zero and (ii) the arithmetic mean of the            
                      closing price of one underlying share on the five       
                      business days immediately preceding the relevant        
                      Periodic Fixing Date less the Exercise Price.           
                      The Periodic Fixing Dates are 10th March 2004,          
                      9th July 2004, 10th November 2004 and 10th March        
                      2005.                                                   
                                                                              
    9349              European-style Locked-In Return Put Warrants            
    8/12/2003         May only be exercised on 10/3/2006                      
                      Cash Settlement Amount is the sum of all Periodic       
                      Cash Settlement Amounts divided by the number of        
                      Periodic Fixing Dates, less the Exercise Expenses.      
                      The Periodic Cash Settlement Amount in respect of       
                      each Periodic Fixing Date is the greater of             
                      (i) zero and (ii) the Exercise Price less 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 10th June 2004,           
                      10th January 2005, 10th August 2005 and 10th March      
                      2006.                                                   
                                                                              
    9382              European-style Window Barrier Call Warrants             
    12/12/2003        May only be exercised on 28/6/2004 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 12th December 2003 to              
                      29th December 2003 (both days inclusive).  The Rebate   
                      per Warrant is HK$0.60 and the Barrier Strike Price     
                      is HK$15.17