10:07     MSDW - Daily Trading Summary of Derivative Warrants                 

    The Stock Exchange of Hong Kong Limited received notifications            
    regarding the daily trading summary of derivative warrants as follows:-   
                                                                              
    Trade Date - 26012005                                                     
                                                                              
                                                                              
                                                                              
                                           Average                  Percent   
                              Number      (HK$) per                of Issue   
                                of         Warrant     Number of     Still    
    Stock           Stock    Warrants       Bought   Warrants Still  out in   
    Short Name       Code  Bought/(Sold)   /(Sold)   out in Market   Market   
    ---------------  ----  -------------  ---------  -------------- --------  
    MS-HSBC@EC0506   3562      (420,000)   (0.063)      22,820,000     6.4%   
    MS-HSBC@EP0509   3563        -            -                  0     0.0%   
    MS-HSCEI@EP0507  3628        -            -                  0     0.0%   
    MS-HSCEI@EC0510  3629        -            -             40,000     0.0%   
    MS-HSI@EP0506    3630        -            -          1,200,000     0.3%   
    MS-HSI@EP0509    3631        -            -             10,000     0.0%   
    MS-HSI@EC0512    3632        -            -          1,250,000     0.3%   
    MS-HSI @EP0506B  3737        -            -                  0     0.0%   
    MS-HSI @EP0507   3738        -            -                  0     0.0%   
    MS-HSBC @EP0506  3739        -            -             40,000     0.0%   
    MS-CK(H)@EC0510  3788        -            -                  0     0.0%   
    MS-HWL @EC0507   3789        -            -                  0     0.0%