09:59     ICBC (ASIA)<00349> - Announcement (3)                               

    `Licence Agreement'            a licence agreement dated 1                
                                   April 2005 made between the                
                                   Company and ICEA in relation               
                                   to the granting of a licence               
                                   by the Company for ICEA to                 
                                   occupy the Property;                       
    `26th Floor Licence Agreement' a licence agreement dated 31               
                                   December 2004 made between                 
                                   the Company and ICEA in                    
                                   relation to the granting of a              
                                   licence by the Company for                 
                                   ICEA to occupy the whole of                
                                   26th Floor of the Building;                
    `Listing Rules'                the Rules Governing the                    
                                   Listing of Securities on the               
                                   Stock Exchange presently in                
                                   force as at the date hereof;               
    `PRC'                          the People's Republic of                   
                                   China;                                     
    `Property'                     Suites 2501-2, 25th Floor of               
                                   the Building;                              
    `Share(s)'                     ordinary share(s) of par                   
                                   value of HK$2.00 each in the               
                                   capital of the Company;                    
    `Shareholder(s)'               holder(s) of the Share(s) of               
                                   the Company; and                           
    `Stock Exchange'               The Stock Exchange of Hong                 
                                   Kong                                       
                                   Limited.                                   
                                                                              
                                                                              
                                                                              
                                   By Order of the Board Wong                 
                                   Yuen Fai Director and                      
                                   Alternate Chief                            
                                   Executive                                  
                                                                              
                                                                              
                                                                              
    Hong Kong, 1 April 2005                                                   
                                                                              
    As at the date of this announcement, the Board comprises Mr. Zhu Qi,      
    Mr. Wong Yuen Fai and Mr. Zhang Yi as executive directors, Dr. Jiang      
    Jianqing, Ms. Wang Lili, Mr. Chen Aiping and Mr. Damis Jacobus Ziengs     
    as non-executive directors and Professor Wong Yue Chim, Richard, SBS,     
    JP, Mr. Tsui Yiu Wa, Alec and Mr. Yuen Kam Ho, George as independent      
    non-executive directors.