09:30     CITIC PACIFIC<00267> - Announcement (5)                             

    "Variation Arrangement" the variation to the JV                           
    Contract and Articles contemplated under the                              
    Agreement, the principal terms of which are set out                       
    in this announcement; and                                                 
                                                                              
    "Wuxi Power"    Wuxi Local Electric Power Company,                        
     an enterprise established in the PRC.                                    
                                                                              
    (The exchange rate of Renminbi to Hong Kong dollars                       
    used in this Announcement is RMB1.0 = HK$0.94.)                           
                                                                              
    By Order of the Board                                                     
    CITIC Pacific Limited                                                     
    Alice Tso Mun Wai                                                         
    Company Secretary                                                         
                                                                              
    Hong Kong, 7 March 2005                                                   
                                                                              
    As at the date of this announcement, the executive                        
    directors of the Company are Messrs Larry Yung Chi                        
    Kin (Chairman), Henry Fan Hung Ling, Vernon Francis                       
    Moore, Peter Lee Chung Hing, Norman Yuen Kee Tong,                        
    Yao Jinrong, Chang Zhenming, Li Shilin, Carl Yung Ming                    
    Jie and Liu Jifu; the non-executive directors of the                      
    Company are Messrs Willie Chang, Andre Desmarais and                      
    Peter Kruyt (alternate director to Mr. Andre                              
    Desmarais); and the independent non-executive                             
    directors of the Company are Messrs Hamilton Ho Hau                       
    Hay, Alexander Reid Hamilton, Hansen Loh Chung Hon                        
    and Norman Ho Hau Chong.