10:50     DB-HSCEI@EC0503<04465> & DB-HSCEI@EP0503<04469> - Ann. (2)          

    to exercise the Warrants should lodge with the Registrar at Rooms         
    1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Hong       
    Kong at or before 10:00 a.m. (Hong Kong time) on the Expiry Date the      
    following:-                                                               
                                                                              
    (i)   the relevant duly executed instruments of transfer in respect of    
    the Warrants; and                                                         
                                                                              
    (ii)   the relevant certificates for the Warrants.                        
                                                                              
    Such holders of Warrants may need to bear the cost of any expedited       
    registration service.                                                     
                                                                              
    2.   Application will be made for the listing of the Warrants on the      
    Stock Exchange to be withdrawn with effect from the close of business     
    on the relevant Expiry Date.                                              
                                                                              
    Hong Kong, 16th March, 2005