09:13     <09661>,<09662>,<09668> & <09674> - Announcement (1)                

    The Stock Exchange of Hong Kong Limited (the `Stock Exchange') takes      
    no responsibility for the contents of this announcement, makes no         
    representation as to its accuracy or completeness 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         
    this announcement.                                                        
                                                                              
    Notice of Expiry                                                          
    of                                                                        
    200,000,000 European Style (Cash Settled) Average Return Call             
    Warrants in                                                               
                                                                              
    Global Registered Form due February 28, 2005                              
    relating to the existing issued ordinary H shares of                      
    RMB1.00 each of China Life Insurance Company Limited                      
    (Stock Code: 9661)                                                        
    (`Series A')                                                              
    200,000,000 European Style (Cash Settled) Average Return Call             
    Warrants in                                                               
                                                                              
    Global Registered Form due February 28, 2005                              
    relating to the existing issued ordinary H shares of                      
    RMB1.00 each of China Life Insurance Company Limited                      
    (Stock Code: 9662)                                                        
    (`Series B')                                                              
    200,000,000 European Style (Cash Settled) Average Return Call             
    Warrants in                                                               
                                                                              
    Global Registered Form due February 28, 2005                              
    relating to the existing issued ordinary H shares of                      
    RMB1.00 each of Datang International Power Generation Company             
    Limited                                                                   
                                                                              
    (Stock Code: 9668)                                                        
    (`Series C')                                                              
    400,000,000 European Style (Cash Settled) Average Return Call             
    Warrants in                                                               
                                                                              
    Global Registered Form due February 28, 2005                              
    relating to the existing issued ordinary shares of                        
    HK$0.10 each of Shanghai Industrial Holdings Limited                      
    (Stock Code: 9674)                                                        
    (`Series D')                                                              
    issued by                                                                 
    CREDIT SUISSE FIRST BOSTON                                                
    (incorporated under the laws of Switzerland)                              
    Manager and Sponsor                                                       
    CREDIT SUISSE FIRST BOSTON (HONG KONG) LIMITED                            
                                                                              
    Credit Suisse First Boston (the `Issuer') would like to remind            
    holders of the Series A, Series B, Series C and Series D Warrants         
    (the `Warrants') that under the terms and conditions of the Warrants      
    (the `Conditions'), the rights to exercise the Warrants will expire       
    at 10:00 a.m. (Hong Kong time) on February 28, 2005 (subject to           
    adjustment) (the `Expiry Date'). The warrants are European Style and      
    exercisable only on the Expiry Date. Each Warrant in respect of           
    Series A, Series B and Series C, and every ten Warrants in respect of     
    Series D, give(s) the Warrantholder the right to payment (if any) of      
    the Cash Settlement Amount being an amount in Hong Kong dollars           
    calculated by the Issuer as equal to (1) The sum of the Periodic          
    Reference Prices divided by the number of Periodic Fixing Dates less      
    (2) the Exercise Price and the Exercise Expenses (as defined in the       
    terms and conditions of the Warrants).                                    
                                                                              
    `Periodic Reference Price' means, in respect of each Periodic Fixing      
    Date, an amount in Hong Kong Dollars calculated by the Issuer as          
    equal to the Entitlement (subject to adjustment) in respect of such       
    Periodic Fixing Date multiplied by the arithmetic mean of the closing     
    price of the Shares (as derived from the Daily Quotation Sheet of the     
    Stock Exchange, subject to any adjustments to such closing prices as      
    may be necessary to reflect any capitalisation, rights issue,             
    distribution or the like) for each Valuation Date with respect to         
    each Periodic Fixing Date.                                                
                                                                              
    If on the Expiry Date the Cash Settlement Amount is greater than          
    zero then the Warrants will be deemed automatically exercised by each     
    Warrantholder. If the Cash Settlement Amount is less than zero on the     
    Expiry Date, the Warrant will not be exercised and the Warrantholder      
    will lose the value of his investment.                                    
                                                                              
    The Cash Settlement Amount shall be despatched no later than three        
    Business Days following the Expiry Date.                                  
                                                                              
    The Issuer has made the following arrangements regarding dealings in      
    and transfers and exercise of the Warrants:-                              
                                                                              
    1.                                                                        
    The last trading day of the Warrants on the Stock Exchange is             
    expected to be February 22, 2005.                                         
                                                                              
    2.                                                                        
    Application will be made for the listing of the Warrants on the