08:41     Closing Bid and Ask Quotes in London                                

                                                                              
    Closing bid and ask quotes on 24 February 2005 as quoted by SEAQ (London) 
    are as follows:                                                           
                                                                              
    (HK$)                BID      ASK    (HK$)                BID      ASK    
    BEIJING YANHUA   :   3.56      -     HOPEWELL HOLD    :  19.45      -     
    BANK OF E ASIA   :    -      24.51   HSBC HOLDINGS    :    -        -     
    BOC HONG KONG    :  14.26      -     HUANENG POWER    :    -        -     
    CATHAY PAC AIR   :    -        -     HUTCHISON        :    -        -     
    CHEUNG KONG      :    -        -     HYSAN DEV        :    -      16.53   
    CHINA RESOURCES  :    -        -     JOHNSON ELEC H   :    -        -     
    CHINA MOBILE     :  24.35      -     LENOVO GROUP     :    -        -     
    CHINA TELECOM    :   2.84      -     LI & FUNG        :    -        -     
    CHINA UNICOM     :    -        -     MTR CORPORATION  :  11.98    12.72   
    CITIC PACIFIC    :    -        -     NEW WORLD DEV    :    -       8.03   
    CKI HOLDINGS     :    -        -     NEW WORLD TMT    :    -        -     
    CLP HOLDINGS     :    -        -     PCCW             :    -        -     
    CNOOC            :    -        -     SCMP GROUP       :   3.47      -     
    DATANG POWER     :    -        -     SHANGHAI IND H   :  17.07      -     
    ESPRIT HOLDINGS  :    -        -     SHANGHAI PECHEM  :    -       3.48   
    FIRST PACIFIC    :    -        -     SHANGRI-LA ASIA  :    -        -     
    GREAT EAGLE H    :  18.09      -     SMARTONE TELE    :    -        -     
    GUANGSHEN RAIL   :    -       2.99   SHK PPT          :    -        -     
    HANG LUNG GROUP  :  13.68      -     SINO LAND        :   6.60      -     
    HANG LUNG PPT    :    -      12.21   SWIRE PACIFIC A  :    -        -     
    HANG SENG BANK   :    -        -     TRACKER FUND     :    -        -     
    HENDERSON LAND   :    -        -     WHARF HOLDINGS   :    -        -     
    HK & CHINA GAS   :    -        -     WHEELOCK         :    -      12.57   
    HK ELECTRIC      :    -        -     ZHEJIANGEXPRESS  :    -        -