09:00     KC-C TEL@EC0510<03872> - New Listing                                

    Market participants are requested to note that dealings in the 2005       
    European Style (Cash Settled) Call Warrants relating to existing          
    issued ordinary H shares of RMB 1.00 each of China Telecom Corporation    
    Limited issued by KBC Financial Products International Ltd. will          
    commence at 9:30 a.m. on Monday, 07/02/2005 under the following           
    particulars:-                                                             
                                                                              
    Stock Code      Stock Short Name        Board Lot                         
    ----------      ----------------        ---------                         
    3872            KC-C TEL@EC0510         2,000 units