09:00     Last Sale Prices of Pilot Program NASDAQ Stocks in US               

                                                                              
    Last Sale Prices of Pilot Program NASDAQ Stocks in US on 26 Jan 2005      
    are as follows:                                                           
    (Source: NASDAQ website www.nasdaq.com, for reference only)               
                                                                              
                                                   HK$ Equivalent             
    STOCK CODE  STOCK SHORT NAME    US$   (@7.80 rounded to 4 decimal places) 
    ----------  ----------------  ------- ----------------------------------- 
    4331        DELL-T            40.4500          315.5100                   
    4332        AMGEN-T           63.5600          495.7680                   
    4333        CISCO-T           17.6900          137.9820                   
    4335        INTEL-T           22.4200          174.8760                   
    4336        APPL MATERIAL-T   16.1200          125.7360                   
    4337        STARBUCKS-T       55.3400          431.6520                   
    4338        MICROSOFT-T       26.0000          202.8000                   
                                                                              
    HK$ Equivalent of the last sale price is displayed in the freetext area of
    respective stock page.