10:08     DEUTSCHE BANK - Daily Trading Summary of Derivative War (2)         

    The Stock Exchange of Hong Kong Limited received notifications            
    regarding the daily trading summary of derivative warrants as follows:-   
                                                                              
    Trade Date - 01032005                                                     
                                                                              
                                                                              
                                           Average                  Percent   
                              Number      (HK$) per                 of Issue  
                                of         Warrant     Number of     Still    
    Stock           Stock    Warrants       Bought   Warrants Still  out in   
    Short Name       Code  Bought/(Sold)   /(Sold)   out in Market   Market   
    ---------------  ----  -------------  ---------  -------------- --------  
    DB-SHK P@EP0508  3908     2,000,000      0.334          400,000    0.2%   
    DB-SHK P@EP0508  3908    (2,400,000)    (0.332)         400,000    0.2%   
    DB-HSI  @EC0503  4453        -            -             270,000    0.1%   
    DB-HSI  @EP0503  4457        -            -          14,810,000    3.7%   
    DB-CMOB @EC0503  4464        -            -           3,270,000    1.3%   
    DB-HSCE @EC0503  4465        -            -              40,000    0.0%   
    DB-HWL  @EC0503  4466     7,860,000      0.089      192,190,000   38.4%   
    DB-HWL  @EC0503  4466    (2,330,000)    (0.072)     192,190,000   38.4%   
    DB-CMOB @EP0503  4468        -            -           1,000,000    0.4%   
    DB-HSCE @EP0503  4469        -            -              60,000    0.0%   
    DB-HWL  @EP0503  4470        -            -         241,550,000   48.3%   
    DB-CK(H) @EC050  4526       400,000      0.411        4,380,000    1.8%   
    DB-CK(H) @EC050  4526      (900,000)    (0.422)       4,380,000    1.8%   
    DE-CTEL @EC0504  4547        -            -           1,362,000    0.5%   
    DB-HSI  @EC0503  4548     2,340,000      0.110       13,920,000    3.5%   
    DB-CK(H)@EP0505  4583     1,380,000      0.026       57,950,000   23.2%   
    DB-CK(H)@EP0505  4583   (13,020,000)    (0.028)      57,950,000   23.2%   
    DB-HSBC @EC0504  4584       708,000      0.371        1,544,000    0.6%   
    DB-HSBC @EC0504  4584      (368,000)    (0.357)       1,544,000    0.6%   
    DB-HSBC @EC0505  4585     8,400,000      0.172       59,212,000   23.7%   
    DB-HSBC @EC0505  4585    (9,596,000)    (0.169)      59,212,000   23.7%   
    DB-PINAN@EC0504  4587        -            -             191,000    0.2%   
    DB-HSBC @EP0504  4588    12,568,000      0.096       29,084,000   11.6%   
    DB-HSBC @EP0504  4588    (3,800,000)    (0.101)      29,084,000   11.6%   
    DB-SHKP @EP0504  4589     3,000,000      0.334       18,690,000    7.5%   
    DB-SHKP @EP0504  4589    (1,180,000)    (0.324)      18,690,000    7.5%   
    DB-HSCE @EC0506  4605       410,000      0.155        2,040,000    0.5%   
    DB-HSCE @EC0506  4605    (1,100,000)    (0.153)       2,040,000    0.5%   
    DB-PETCH@EC0505  4606     1,000,000      0.306                0    0.0%   
    DB-PETCH@EC0505  4606    (1,000,000)    (0.299)               0    0.0%   
    DB-CLIFE@EC0505  4607    11,270,000      0.129       51,793,000   20.7%   
    DB-CLIFE@EC0505  4607    (7,610,000)    (0.122)      51,793,000   20.7%   
    DB-HSCE @EP0506  4609       200,000      0.062          200,000    0.1%   
    DB-HSCE @EP0506  4609       (80,000)    (0.062)         200,000    0.1%   
    DB-PETCH@EP0505  4610     1,100,000      0.013        1,300,000    0.5%   
    DB-PETCH@EP0505  4610    (1,100,000)    (0.014)       1,300,000    0.5%   
    DB-HSI  @EP0504  4617        -            -           1,300,000    0.3%   
    DB-HSBC @EC0505  4692    52,684,000      0.085      366,812,000   73.4%   
    DB-HSBC @EC0505  4692   (56,436,000)    (0.084)     366,812,000   73.4%