08:52     Closing Bid and Ask Quotes in London                                

                                                                              
    Closing bid and ask quotes on 3 February 2005 as quoted by SEAQ (London)  
    are as follows:                                                           
                                                                              
    (HK$)                BID      ASK    (HK$)                BID      ASK    
    BEIJING YANHUA   :    -       3.81   HOPEWELL HOLD    :    -      20.45   
    BANK OF E ASIA   :  22.41      -     HSBC HOLDINGS    :    -        -     
    BOC HONG KONG    :    -      14.63   HUANENG POWER    :    -        -     
    CATHAY PAC AIR   :    -        -     HUTCHISON        :    -        -     
    CHEUNG KONG      :    -        -     HYSAN DEV        :  14.50      -     
    CHINA RESOURCES  :    -        -     JOHNSON ELEC H   :    -        -     
    CHINA MOBILE     :    -      24.46   LENOVO GROUP     :    -        -     
    CHINA TELECOM    :    -       3.04   LI & FUNG        :    -        -     
    CHINA UNICOM     :    -        -     MTR CORPORATION  :  11.69    12.41   
    CITIC PACIFIC    :    -        -     NEW WORLD DEV    :   7.13      -     
    CKI HOLDINGS     :    -        -     NEW WORLD TMT    :    -        -     
    CLP HOLDINGS     :    -        -     PCCW             :    -        -     
    CNOOC            :    -        -     SCMP GROUP       :    -       3.71   
    DATANG POWER     :    -        -     SHANGHAI IND H   :  16.83      -     
    ESPRIT HOLDINGS  :    -        -     SHANGHAI PECHEM  :    -       3.04   
    FIRST PACIFIC    :    -        -     SHANGRI-LA ASIA  :    -        -     
    GREAT EAGLE H    :    -      17.20   SMARTONE TELE    :    -        -     
    GUANGSHEN RAIL   :   2.96      -     SHK PPT          :    -        -     
    HANG LUNG GROUP  :  12.95      -     SINO LAND        :    -       7.00   
    HANG LUNG PPT    :    -      12.05   SWIRE PACIFIC A  :    -        -     
    HANG SENG BANK   :    -        -     TRACKER FUND     :    -        -     
    HENDERSON LAND   :    -        -     WHARF HOLDINGS   :    -        -     
    HK & CHINA GAS   :    -        -     WHEELOCK         :  11.25      -     
    HK ELECTRIC      :    -        -     ZHEJIANGEXPRESS  :    -        -