09:03     KC-HWL @EC0507B<03836> - New Listing                                

    Market participants are requested to note that dealings in the 2005       
    European Style (Cash Settled) Call Warrants relating to existing issued   
    ordinary shares of HK$0.25 each of Hutchison Whampoa Limited issued by    
    KBC Financial Products International Ltd. (the "Issuer") will commence at 
    9:30 a.m. on Wednesday, 26/01/2005 under the following particulars:-      
                                                                              
    Stock Code      Stock Short Name        Board Lot                         
    ----------      ----------------        ---------                         
    3836            KC-HWL @EC0507B         10,000 units                      
                                                                              
    Market participants are also requested to note that the stock short       
    name of currently listed 2005 European Style (Cash Settled) Call Warrants 
    (stock code: 3765) issued by the Issuer will be changed to                
    "KC-HWL @EC0507A" with effect from Wednesday, 26/01/2005.