09:11     CA-CPAIR@EC0503<04517> - Last Day of Dealings                       

    Market participants are requested to note that dealings in the 2005       
    European Style (Cash Settled) Call Warrants relating to existing          
    issued ordinary shares of HK$0.20 each in Cathay Pacific Airways Limited  
    issued by Calyon Financial Products (Guernsey) Limited (stock code: 4517) 
    will cease after the close of business on Wednesday, 23/03/2005 and       
    listing of which will be withdrawn after the close of business on         
    Thursday, 31/03/2005.