09:53     KC-ALUCO@EC0510<03875> & KC-YZ CM@EC0602<03876> - Ann. (1)          

    This announcement appears for information purposes only and does not      
    constitute an invitation or offer to acquire, purchase or subscribe for   
    the Warrants described below.                                             
                                                                              
    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.                                     
                                                                              
    288,000,000 European Style (Cash                                          
    Settled) Call Warrants 2005-2006relating to existing issued ordinary H    
    shares ofRMB1.00 each of Yanzhou Coal Mining Company Limited              
    ("Series A")                                                              
                                                                              
    128,000,000 European Style (Cash Settled) Call Warrants 2005              
    relating to existing issued ordinary H shares of                          
    RMB1.00 each of Aluminum Corporation of China Limited                     
    ("Series B")                                                              
                                                                              
    issued by                                                                 
                                                                              
    KBC Financial Products International Ltd.                                 
    (Incorporated with limited liability in the Cayman Islands)               
    unconditionally and irrevocably guaranteed by                             
                                                                              
    KBC Bank NV                                                               
    (Incorporated with limited liability in Belgium)                          
                                                                              
    Sponsor/Manager                                                           
                                                                              
    KBC Financial Products Hong Kong Limited                                  
                                                                              
    Announcement                                                              
                                                                              
    The directors of KBC Financial Products International Ltd. (the           
    "Issuer") announce their intention to issue the series' of Warrants       
    detailed below (the "Warrants"). In respect of Series A, every ten        
    warrants relating to one existing issued ordinary H share of RMB1.00      
    each of Yanzhou Coal Mining Company Limited and in respect of Series B,   
    every warrant relating to one existing issued ordinary H share of         
    RMB1.00 each of Aluminum Corporation of China Limited.                    
                                                                              
                                                                              
                                                                              
    Warrants       Share     Company                                          
                                                                              
    Series A     RMB1.00     Yanzhou Coal Mining Company Limited              
                                                                              
    Series B     RMB1.00     Aluminum Corporation of China Limited            
                                                                              
    Issue Price         Expiry Date      Trading Board Lots   Exercise Price  
                                                                              
    HK$0.250     2nd February, 2006                  20,000         HK$12.80  
    HK$0.610      3rd October, 2005                   2,000          HK$4.80  
                                                                              
    The Warrants are European style and may only be exercised on the          
    relevant Expiry Date. The Warrants are in registered form and             
    exercisable only in the trading board lots specified above. Every ten     
    Warrants (in case of Series A) and every Warrant (in case of Series B)    
    will entitle the holder on exercise thereof to receive from the Issuer    
    a payment of an amount in Hong Kong dollars calculated by the Issuer      
    (the "Cash Settlement Amount") equal to: (1) the Entitlement (subject     
    to any adjustment) multiplied by (i) the arithmetic mean of the closing   
    price of one Share (as derived from the Daily Quotation Sheet of the      
    Stock Exchange (subject to any adjustment)) for each Valuation Date       
    (being each of the five Business Days (as defined in the terms and        
    conditions of the Warrants)) immediately preceding the relevant Expiry    
    Date less (ii) the relevant Exercise Price; less (2) the Exercise         
    Expenses (as defined in the terms and conditions of the Warrants).