09:46     <09098>,<09102>,<09103>,<09110> & <09121> - Announcement (1)        

    The Stock Exchange of Hong Kong Limited (the `Stock Exchange') 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.                                                        
                                                                              
    Notice of Expiry relating to certain European Style (Cash Settled)        
    Locked-In* Warrants                                                       
                                                                              
    issued by                                                                 
    KBC Financial Products International Ltd.                                 
    (Incorporated with limited liability in the Cayman Islands)               
                                                                              
    unconditionally and irrevocably guaranteed by                             
    KBC Bank NV                                                               
    (Incorporated with limited liability in Belgium)                          
                                                                              
    Sponsor/Manager                                                           
    KBC Financial Products Hong Kong Limited                                  
                                                                              
    This Notice of Expiry relates to the following warrants (together,        
    the `Warrants'):                                                          
                                                                              
    Stock Code 9098       9102       9103       9110       9121               
    Company    Sun Hung   Cheung     Hutchison  China      BOC Hong           
               Kai        Kong       Whampoa    Mobile     Kong               
               Properties (Holdings) Limited    (Hong      (Holdings)         
                           Limited              Kong)       Limited           
               Limited                          Limited                       
    Shares     Existing   Existing   Existing   Existing   Existing           
               issued     issued     issued     issued     issued             
               ordinary   ordinary   ordinary   ordinary   ordinary           
               shares of  shares of  shares of  shares of  shares of          
               HK$0.50    HK$0.50    HK$0.25    HK$0.10    HK$5.00            
               each of    each of    each of    each of    each of            
               the        the        the        the        the                
               Company    Company    Company    Company    Company            
    Type       Locked-In  Locked-In  Locked-In  Locked-In  Locked-In          
               Call       Call       Call       Call       Call               
    Issue Size 128,000,00 108,000,00 728,000,00 1,088,000, 88,000,000         
               0          0          0          000                           
    Expiry     1st        1st        1st        1st        1st                
    Date       April,     April,     April,     April,     April,             
               2005       2005       2005       2005       2005               
    Exercise   HK$65.00   HK$68.00   HK$66.00   HK$24.00   HK$11.00           
    Price                                                                     
    Quarterly  2nd        2nd        2nd        2nd        2nd                
    Fixing     January,   January,   January,   January,   January,           
    Dates      2004 1st   2004 1st   2004 1st   2004 1st   2004 1st           
               April,     April,     April,     April,     April,             
               2004 2nd   2004 2nd   2004 2nd   2004 2nd   2004 2nd           
               July,      July,      July,      July,      July,              
               2004 4th   2004 4th   2004 4th   2004 4th   2004 4th           
               October,   October,   October,   October,   October,           
               2004 3rd   2004 3rd   2004 3rd   2004 3rd   2004 3rd           
               January,   January,   January,   January,   January,           
               2005 1st   2005 1st   2005 1st   2005 1st   2005 1st           
               April,     April,     April,     April,     April,             
               2005       2005       2005       2005       2005               
    Board Lot  10,000     10,000     10,000     5,000      500                
    Entitlemen 10         10         10         10         1 Warrant          
    t Ratio    Warrants   Warrants   Warrants   Warrants   for 1              
               for 1      for 1      for 1      for 1      Share              
               Share      Share      Share      Share                         
    Last       24th       24th       24th       24th       24th               
    Trading    March,     March,     March,     March,     March,             
    Date       2005       2005       2005       2005       2005               
    Closing    HK$0.58    HK$0.208   HK$0.128   HK$0.081   HK$4.00            
    Price of                                                                  
    the                                                                       
    Warrants                                                                  
    as at                                                                     
    18th                                                                      
    March,                                                                    
    2005                                                                      
    Closing    HK$73.00   HK$71.50   HK$67.50   HK$26.25   HK$14.55           
    Price of                                                                  
    the                                                                       
    Shares as                                                                 
    at 18th                                                                   
    March,                                                                    
    2005                                                                      
                                                                              
                                                                              
                                                                              
    KBC Financial Products International Ltd. (the `Issuer') would like       
    to remind holders of the Warrants that under the terms and conditions     
    of the Warrants (the `Conditions'), the rights to exercise the            
    Warrants will expire at 10:00 a.m. (Hong Kong time) on the relevant       
    Expiry Date (subject to adjustment).                                      
                                                                              
    The Warrants are European Style and exercisable only on the relevant      
    Expiry Date. The Warrants are in registered form and exercisable only