08:57     HUTCH HARB RING<00715> - Results Announcement                       

    Hutchison Harbour Ring Limited announced on 21/03/2005:                   
    (stock code: 00715 )                                                      
    Year end date: 31/12/2004                                                 
    Currency: HKD                                                             
    Auditors' Report: Unqualified                                             
                                                            (Restated)        
                                                            (Audited   )      
                                         (Audited   )       Last              
                                         Current            Corresponding     
                                         Period             Period            
                                         from 01/01/2004    from 01/01/2003   
                                         to 31/12/2004      to 31/12/2003     
                                   Note  ('000      )       ('000      )      
    Turnover                           : 2,602,017          2,192,311         
    Profit/(Loss) from Operations      : 197,684            175,478           
    Finance cost                       : (8,061)            (199)             
    Share of Profit/(Loss) of                                                 
      Associates                       : 171                106               
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI    1  : 162,883            142,691           
    % Change over Last Period          : +14.2     %                          
    EPS/(LPS)-Basic (in dollars)    2  : 0.0243             0.0224            
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items   1  : 162,883            142,691           
    Final Dividend                     : 2.0 cents          1.7 cents         
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 10/05/2005         to 17/05/2005 bdi.
    Payable Date                       : 18/05/2005                           
    B/C Dates for Annual                                                      
      General Meeting                  : 10/05/2005         to 17/05/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
    (1) Basis of preparation                                                  
                                                                              
    The Hong Kong Institute of Certified Public Accountants has issued a      
    number of new and revised Hong Kong Financial Reporting Standards ("      
    HKFRSs") and Hong Kong Accounting Standards ("HKASs") which are effective 
    for accounting periods beginning on or after 1 January 2005.  In preparing
    the consolidated accounts, the Group has early adopted HKAS 36 "Impairment
    of Assets", HKAS 38 "Intangible Assets", HKAS 40 "Investment Property" and
    HKFRS 3 "Business Combinations".                                          
                                                                              
    The Group has applied HKAS 36, HKAS 38 and HKFRS 3 prospectively with     
    effect from 1 January 2004 and the adoption of these accounting standards 
    did not have any material financial impact to the Group's profit          
    attributable to shareholders and net assets as of and for the year ended  
    31 December 2004.                                                         
                                                                              
    Pursuant to the adoption of HKAS 40, changes in fair values of investment 
    properties are recognised in the profit and loss account.  The adoption of
    HKAS 40 represents a change in accounting policy, which has been applied  
    retrospectively so that the comparatives presented have been restated to  
    conform with the changed policy.  The change in accounting policy has     
    resulted in an increase of HK$3,317,000 and HK$14,471,000 in profit       
    attributable to shareholders for the years ended 31 December 2004 and 2003
    respectively.  The opening retained profits at 1 January 2004 have been   
    increased by HK$14,471,000 and there is no effect on the opening retained 
    profits at 1 January 2003.                                                
                                                                              
    (2)     Earnings per share                                                
                                                                              
    The calculation of earnings per share is based on the Group's profit      
    attributable to shareholders of HK$162,883,000 (2003: HK$142,691,000, as  
    restated) and 6,705,000,263 (2003: weighted average number of 6,366,000,  
    263) ordinary shares in issue during the year.                            
                                                                              
    For more details, please refer to the press announcement today.