08:54     PAC CENTURY INS<00065> - Results Announcement (2)                   

    3.      EPS - Basic                                                       
                                            Audited year ended                
                                            31/12/2004      31/12/2003        
    Issued Shares (Weighted Average No of Shares)                             
                                            820,737,000     821,571,000       
                                            ===========================       
    Profit after Taxation & MI / Profit after ETD Items (HK$)                 
                                            196,307,000     216,039,000       
                                            ===========================       
                                                                              
    Earnings per Shares (HK$)               0.24            0.26              
                                            ===========================       
                                                                              
                                                                              
    4.      EPS - Diluted                                                     
                                            Audited year ended                
                                            31/12/2004      31/12/2003        
    Issued Shares (Weighted Average No of Shares)                             
                                            820,737,000     821,571,000       
    Add: Shares Issued at No Consideration on the Deemed Exercise of All Share
    Options                                                                   
    (Weighted Average No of Shares)         14,599,000      1,623,000         
                                            -----------------------------     
                                            835,336,000     823,194,000       
                                            =============================     
                                                                              
    Profit after Taxation & MI / Profit after ETD Items (HK$)                 
                                            196,307,000     216,039,000       
                                            ============================      
                                                                              
    Earnings per Shares (HK$)               0.24            0.26              
                                            ========================          
                                                                              
    For more details, please refer to the press announcement today.