09:38     CMHI FIN N1503<02513> - Announcement                                

    The Stock Exchange of Hong Kong Limited 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.                                                     
                                                                              
    This announcement is for information purposes only                        
    and does not constitute an invitation or offer to                         
    acquire, purchase or subscribe for securities.                            
                                                                              
    NOTICE OF LISTING ON                                                      
    THE STOCK EXCHANGE OF HONG KONG LIMITED                                   
                                                                              
    CMHI FINANCE (CAYMAN) INC.                                                
    (incorporated in the Cayman Islands with limited                          
    liability)                                                                
                                                                              
    US$500,000,000                                                            
    5.375 per cent. Guaranteed Notes due 2015                                 
    (the "Notes")                                                             
    unconditionally and irrevocably guaranteed by                             
                                                                              
    CHINA MERCHANTS HOLDINGS (INTERNATIONAL) COMPANY                          
    LIMITED                                                                   
    (incorporated in Hong Kong with limited liability)                        
                                                                              
    Joint Bookrunners and Joint Lead Managers                                 
                                                                              
    BOC International       HSBC    Merrill Lynch                             
    International                                                             
                                                                              
    Co-Managers                                                               
                                                                              
    BNP Paribas     ING                                                       
                                                                              
    Application has been made to The Stock Exchange of                        
    Hong Kong Limited for the listing of, and permission                      
    to deal in, the Notes as described in the Offering                        
    Circular relating thereto dated 28 February 2005.                         
    Permission for the listing of, and dealing in, the                        
    Notes is expected to become effective on 8 March 2005.                    
                                                                              
    3 March 2005