09:26     <02270>, <02274>, <02276> & <02280> - 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                            2270                       2274     
                                                                              
    Company                       China Mobile               China Mobile     
                           (Hong Kong) Limited        (Hong Kong) Limited     
                                                                              
    Shares            Existing issued ordinary   Existing issued ordinary     
                             shares of HK$0.10          shares of HK$0.10     
                           each of the Company        each of the Company     
                                                                              
    Type                                  Call                        Put     
                                                                              
    Issue Size                     250,000,000                250,000,000     
                                                                              
    Expiry Date               11th March, 2005           11th March, 2005     
                                                                              
    Exercise Price                    HK$20.00                   HK$23.50     
                                                                              
    Board Lots                  5,000 Warrants             5,000 Warrants     
                                                                              
    Exercise Amount                10 Warrants                10 Warrants     
                                                                              
    Expected Last Trading Day  7th March, 2005            7th March, 2005     
                                                                              
    Closing price per Warrant as                                              
      of 1st March, 2005              HK$0.540                   HK$0.010     
                                                                              
    Closing price per Share                                                   
      as of 1st March, 2005           HK$25.25                   HK$25.25     
                                                                              
                                          2276                       2280     
                                                                              
                                  Sun Hung Kai               Sun Hung Kai     
                            Properties Limited         Properties Limited     
                                                                              
                      Existing issued ordinary   Existing issued ordinary     
                             shares of HK$0.50          shares of HK$0.50     
                           each of the Company        each of the Company     
                                                                              
                                          Call                        Put     
                                                                              
                                   250,000,000                250,000,000     
                                                                              
                              11th March, 2005           11th March, 2005     
                                                                              
                                      HK$75.00                   HK$65.00     
                                                                              
                               10,000 Warrants            10,000 Warrants     
                                                                              
                                   10 Warrants                10 Warrants     
                                                                              
                               7th March, 2005            7th March, 2005     
                                                                              
                                      HK$0.010                   HK$0.010     
                                                                              
                                      HK$72.50                   HK$72.50     
                                                                              
    Deutsche Bank AG (the "Issuer") acting through its London Branch would    
    like to remind holders of the Warrants that under the terms and           
    conditions of the Warrants (the "Conditions"), the rights to exercise     
    the Warrants will expire at 10:00 a.m. (Hong Kong time) on the relevant   
    Expiry Date (subject to adjustment).                                      
                                                                              
    The Warrants are European Style and exercisable only on the relevant      
    Expiry Date. In respect of each series, every Exercise Amount will        
    entitle the holder to receive from the Issuer a payment of an amount in   
    Hong Kong dollars calculated by the Issuer (the "Cash Settlement          
    Amount") as follows.