09:32     <03988><03989><03992><03993> - Announcement (3)                     

    Warrant 2:                                                                
    Currency:       Euro against United States Dollar                         
    Type    Put                                                               
    Launch Date     9 March, 2005                                             
    Issue Size      193,000,000                                               
    Issue Price     HK$0.26                                                   
    Issue Date      14 March, 2005                                            
    Expiry Date     14 November, 2005                                         
    Final Settlement Level                                                    
            Bid-quote for the EUR/USD exchange rate taken by the Issuer at    
    or about 2:00 p.m. (Hong Kong time) on the Expiry Date from Reuters       
    page "ASFH"                                                               
    Strike Level    1.265                                                     
    Board Lot       10,000 Warrants                                           
    Entitlement Ratio       1 Warrant for EUR 1.00                            
    Premium 6.95%                                                             
    Gearing         39.71x                                                    
    Effective Gearing       11.91x                                            
    Implied Volatility      14.50%                                            
    Listing Date    16 March, 2005                                            
    Liquidity Provider's Broker ID Number:  9509                              
                                                                              
    Warrant 3:                                                                
    Currency:       Australian Dollar against United States Dollar            
    Type    Call                                                              
    Launch Date     9 March, 2005                                             
    Issue Size      193,000,000                                               
    Issue Price     HK$0.26                                                   
    Issue Date      14 March, 2005                                            
    Expiry Date     14 November, 2005                                         
    Final Settlement Level                                                    
            Bid-quote for the AUD/USD exchange rate taken by the Issuer at    
    or about 2:00 p.m. (Hong Kong time) on the Expiry Date from Reuters       
    page "ASFI"                                                               
    Strike Level    0.79                                                      
    Board Lot       10,000 Warrants                                           
    Entitlement Ratio       1 Warrant for AUD 1.00                            
    Premium 3.77%                                                             
    Gearing         23.80x                                                    
    Effective Gearing       11.19x                                            
    Implied Volatility      15.00%                                            
    Listing Date    16 March, 2005                                            
    Liquidity Provider's Broker ID Number:  9559                              
                                                                              
    Warrant 4:                                                                
    Currency:       Australian Dollar against United States Dollar            
    Type    Put                                                               
    Launch Date     9 March, 2005                                             
    Issue Size      193,000,000                                               
    Issue Price     HK$0.26                                                   
    Issue Date      14 March, 2005                                            
    Expiry Date     14 November, 2005                                         
    Final Settlement Level                                                    
            Bid-quote for the AUD/USD exchange rate taken by the Issuer at    
    or about 2:00 p.m. (Hong Kong time) on the Expiry Date from Reuters       
    page "ASFI"                                                               
    Strike Level    0.77                                                      
    Board Lot       10,000 Warrants                                           
    Entitlement Ratio       1 Warrant for AUD 1.00                            
    Premium 7.15%                                                             
    Gearing         23.80x                                                    
    Effective Gearing       10.00x                                            
    Implied Volatility      15.00%                                            
    Listing Date    16 March, 2005                                            
    Liquidity Provider's Broker ID Number:  9559                              
                                                                              
    10 March, 2005                                                            
    SGA Societe Generale Acceptance N.V.