09:00     CLCLIFE@XC0503A<09718> - Last Day of Dealings                       

    Market participants are requested to note that dealings in the 2005       
    European Style (Cash Settled) Average Return Call Warrants relating to    
    existing issued ordinary H shares of RMB1.00 each of China Life Insurance 
    Company Limited issued by Calyon Financial Products (Guernsey) Limited    
    (stock code: 9718) will cease after the close of business today           
    (23/02/2005) and listing of which will be withdrawn after the close of    
    business on Tuesday, 01/03/2005.