09:17     <03909>, <03910>, <03911>,<03912>&<03913> - Announcement (3)        

    Warrant 3:                                                                
    Company:        PetroChina Company Limited                                
    Shares: Existing issued ordinary H shares of RMB1.00 each of the Company  
    Type:   Call                                                              
    Issue Size:     303,000,000                                               
    Launch Date:    17 February, 2005                                         
    Issue Date:     22 February, 2005                                         
    Issue Price:    HK$0.33                                                   
    Expiry Date:    16 January, 2006                                          
    Exercise Price: HK$4.77                                                   
    Board Lot:      2,000 Warrants                                            
    Exercise Amount:        1 Warrant                                         
    Entitlement:    1 Share                                                   
    Premium:        9.68%                                                     
    Gearing:        14.09x                                                    
    Effective Gearing:      6.48x                                             
    Implied Volatility:     24.00%                                            
    Listing Date:   24 February, 2005                                         
    Liquidity Provider Broker ID Number:    9559                              
                                                                              
    Warrant 4:                                                                
    Company:        Sun Hung Kai Properties Limited                           
    Shares: Existing issued ordinary shares of HK$0.50 each of the Company    
    Type:   Call                                                              
    Issue Size:     176,000,000                                               
    Launch Date:    17 February, 2005                                         
    Issue Date:     22 February, 2005                                         
    Issue Price:    HK$0.57                                                   
    Expiry Date:    29 August, 2005                                           
    Exercise Price: HK$70.08                                                  
    Board Lot:      10,000 Warrants                                           
    Exercise Amount:        10 Warrants                                       
    Entitlement:    1 Share                                                   
    Premium:        4.89%                                                     
    Gearing:        12.68x                                                    
    Effective Gearing:      7.73x                                             
    Implied Volatility:     22.00%                                            
    Listing Date:   24 February, 2005                                         
    Liquidity Provider Broker ID Number:    9559                              
                                                                              
    Warrant 5:                                                                
    Company:        Sun Hung Kai Properties Limited                           
    Shares:Existing issued ordinary shares of HK$0.50 each of the Company     
    Type:   Call                                                              
    Issue Size:     286,000,000                                               
    Launch Date:    17 February, 2005                                         
    Issue Date:     22 February, 2005                                         
    Issue Price:    HK$0.35                                                   
    Expiry Date:    29 August, 2005                                           
    Exercise Price: HK$74.88                                                  
    Board Lot:      10,000 Warrants                                           
    Exercise Amount:        10 Warrants                                       
    Entitlement:    1 Share                                                   
    Premium:        8.48%                                                     
    Gearing:        20.64x                                                    
    Effective Gearing:      9.29x                                             
    Implied Volatility:     22.00%                                            
    Listing Date:   24 February, 2005                                         
    Liquidity Provider Broker ID Number:    9559                              
                                                                              
    18 February, 2005                                                         
    SGA Societe Generale Acceptance N.V.