12:55     ICBC (ASIA)<00349> - Results Announcement                           

    Industrial and Commercial Bank of China (Asia) Limited announced on       
    07/03/2005:                                                               
    (stock code: 00349 )                                                      
    Year end date: 31/12/2004                                                 
    Currency: HKD                                                             
    Auditors' Report: Unqualified                                             
                                                                              
                                                            (Audited   )      
                                         (Audited   )       Last              
                                         Current            Corresponding     
                                         Period             Period            
                                         from 01/01/2004    from 01/01/2003   
                                         to 31/12/2004      to 31/12/2003     
                                   Note  ('000      )       ('000      )      
    Turnover                           : 2,311,367          1,617,989         
    Profit/(Loss) from Operations      : 922,513            665,698           
    Finance cost                       : N/A                N/A               
    Share of Profit/(Loss) of                                                 
      Associates                       : 2,513              (31,621)          
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : 760,391            522,130           
    % Change over Last Period          : +46       %                          
    EPS/(LPS)-Basic (in dollars)       : 0.80               0.71              
             -Diluted (in dollars)     : 0.76               0.63              
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 760,391            522,130           
    Final Dividend                     : $0.31              $0.26             
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 07/04/2005         to 14/04/2005 bdi.
    Payable Date                       : 04/05/2005                           
    B/C Dates for (-)                                                         
      General Meeting                  : N/A                                  
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
                                                                              
    Earnings per share:                                                       
                                                                              
    a. The calculation of basic earnings per share is based on the net profit 
    attributable to ordinary shareholders (net of dividends paid and payable  
    on convertible preference shares) for the year of HK$760,391,000 (2003:   
    HK$445,287,000) and on 950,121,952  (2003: 624,374,304) shares, being the 
    weighted average number of ordinary shares in issue during the year.      
                                                                              
    b. The calculation of diluted earnings per share is based on the profit   
    attributable to shareholders of HK$760,391,000 (2003: HK$522,130,000) and 
    on 1,003,163,059 (2003: 826,593,522) shares, being the weighted average   
    number of ordinary shares and convertible preference shares in issue      
    during the year.