09:39     <02268><02272><02273><02277> - Announcement (1)                     

    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.                                                             
                                                                              
    Notice of Expiry of Warrants                                              
                                                                              
    issued by                                                                 
    DEUTSCHE BANK AG                                                          
    (incorporated under the laws of the Federal Republic of Germany)          
    acting through its London Branch                                          
                                                                              
    This Notice of Expiry relates to the following warrants (together, the    
    "Warrants"):                                                              
                                                                              
    Stock Code                                     2268                       
                                                                    2272      
                                                                              
    Company                                 Cheung Kong               Cheung  
    Kong                                                                      
                                     (Holdings) Limited        (Holdings)     
    Limited                                                                   
                                                                              
    Shares                     Existing issued ordinary  Existing issued      
    ordinary                                                                  
                                      shares of HK$0.50         shares of HK$ 
    0.50                                                                      
                                    each of the Company       each of the     
    Company                                                                   
                                                                              
    Type                                           Call                       
    Put                                                                       
                                                                              
    Issue Size                              250,000,000               250,000 
    ,000                                                                      
                                                                              
    Expiry Date                         4th March, 2005           4th March,  
    2005                                                                      
                                                                              
    Exercise Price                             HK$60.00                  HK$  
    58.00                                                                     
                                                                              
    Board Lots                          10,000 Warrants           10,000      
    Warrants                                                                  
                                                                              
    Exercise Amount                         10 Warrants               10      
    Warrants                                                                  
                                                                              
    Expected Last Trading Day            28th February,            28th       
    February,                                                                 
                                                   2005                       
    2005                                                                      
                                                                              
    Closing price per Warrant as                                              
      of 22nd February, 2005                    HK$1.44                   HK$ 
    0.01                                                                      
                                                                              
    Closing price per Share                                                   
      as of 22nd February, 2005                HK$74.50                  HK$  
    74.50                                                                     
                                                                              
                          2273                      2277                      
                                                                              
                     Hutchison                 Hutchison                      
               Whampoa Limited           Whampoa Limited                      
                                                                              
      Existing issued ordinary  Existing issued ordinary                      
             shares of HK$0.25         shares of HK$0.25                      
           each of the Company       each of the Company                      
                                                                              
                          Call                       Put                      
                                                                              
                   250,000,000               250,000,000                      
                                                                              
               4th March, 2005           4th March, 2005                      
                                                                              
                      HK$60.00                  HK$50.00                      
                                                                              
               10,000 Warrants           10,000 Warrants                      
                                                                              
                   10 Warrants               10 Warrants                      
                                                                              
                28th February,            28th February,                      
                          2005                      2005                      
                                                                              
                       HK$1.09                   HK$0.01                      
                                                                              
                      HK$70.75                  HK$70.75