10:04 <09054>,<09062>,<09778> & <04554> - 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. MACQUARIE BANK LIMITED (ABN 46 008 583 542) (incorporated under the laws of Australia) Notice of Expiry relating to the following warrants (the ""Warrants"): Stock Code 9054 9062 9778 4554 Company The Bank of East Asia, Limited China Life Insurance Company Limited Lenovo Group Limited HSBC Holdings plc Shares Existing issued ordinary shares of HK$2.50 each of the Company Existing issued ordinary H shares of RMB1.00 each of the Company Existing issued ordinary shares of HK$0.025 each of the Company Existing issued ordinary shares of US$0.50 each of the Company Type Call Average Return Call Average Return Call Put Issue Size 288,000,000 180,000,000 388,000,000 168,000, 000 Expiry Date 31 March 2005 31 March 2005 4 April 2005 11 April 2005 Exercise Price HK$23.88 per ten Warrants HK$4.88 per Warrant HK$2.525 per Warrant HK$120.00 per ten Warrants Board Lot 2,000 1,000 2,000 4,000 Entitlement Ratio One Share per ten Warrants One Share per Warrant One Share per Warrant One Share per ten Warrants Last Trading Date 23 March 2005 23 March 2005 29 March 2005 4 April 2005 Closing prices of the Warrants as of 18 March 2005 HK$0.01 HK$0.106 HK$0.01 HK$0.011 Closing prices of the Shares as of 18 March 2005 HK$22.80 HK$5.30 HK$2.475 HK$126.00 Macquarie Bank Limited (the "Issuer") would like to remind holders of the Warrants that under the terms and conditions of the Warrants (the "Conditions"), the Warrants will expire at 10:00 a.m. (Hong Kong time) on the Expiry Date. Each Warrant will automatically be exercised at 10:00 a. m. (Hong Kong time) on the Expiry Date without notice being given to the holders of the Warrants if the Cash Settlement Amount (defined below) is greater than zero. Unless automatically exercised, the Warrants will expire immediately after the Expiry Date and all rights of the holders of Warrants and obligations of the Issuer shall cease. Warrants may only be exercised in a Board Lot or integral multiples thereof. The Warrants are European Style and exercisable only on the Expiry Date. The Warrants are in global registered form. No registrar has been appointed. Every Board Lot gives the holder thereof the right to receive from the Issuer on exercise an amount in Hong Kong dollars (the "Cash Settlement Amount") calculated by the Issuer as set out below: In respect of Stock Code 9054, Cash Settlement Amount per Board Lot = (Average Price - Exercise Price) x One Board Lot ------------------------------------------------- Number of Warrants per Entitlement In respect of Stock Code 4554, Cash Settlement Amount per Board Lot = Entitlement x (Exercise Price - Average Price) x One Board Lot Number of Warrants per Entitlement In respect of Stock Codes 9062 and 9778, Cash Settlement Amount per Board Lot = ( Sum of the Periodic Reference Prices - Exercise Price ) x One Board Lot Number of Periodic Fixing Dates Number of Warrants per Entitlement (such number of Warrants per Share) "Average Price" shall be the arithmetic mean of the closing prices of one Share (as derived from the Daily Quotation Sheet of The Stock Exchange of Hong Kong Limited (the "Stock Exchange"), subject to any adjustments (as determined by the Issuer in accordance with the Conditions) to such closing prices as may be necessary to reflect any capitalisation, rights issue, distribution or the like) for each of the 5 Valuation Dates (as defined in the Conditions) prior to expiry.