09:04     KCPINAN@EC0507B<03837> - New Listing                                

    Market participants are requested to note that dealings in the 2005       
    European Style (Cash Settled) Call Warrants relating to existing issued   
    ordinary H shares of RMB1.00 each of Ping An Insurance (Group) Company of 
    China, Ltd. 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                         
    ----------      ----------------        ---------                         
    3837            KCPINAN@EC0507B         500 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: 2288) issued by the Issuer will be changed to                
    "KCPINAN@EC0507A" with effect from Wednesday, 26/01/2005.