09:01     BP-HS BK@EC0511<03945> - New Listing                                

    Market participants are requested to note that dealings in the 2005       
    European Style (Cash Settled) Call Warrants relating to existing issued   
    ordinary shares of HK$5.00 each of Hang Seng Bank Limited issued by       
    BNP Paribas Arbitrage Issuance B.V. will commence at 9:30 a.m. on Monday, 
    07/03/2005 under the following particulars:-                              
                                                                              
                                                                              
    Stock Code      Stock Short Name        Board Lot                         
    ----------      ----------------        ---------                         
    3945            BP-HS BK@EC0511         1,000 units