08:58     Closing Bid and Ask Quotes in London                                

                                                                              
    Closing bid and ask quotes on 8 April 2005 as quoted by SEAQ (London)     
    are as follows:                                                           
                                                                              
    (HK$)                BID      ASK    (HK$)                BID      ASK    
    BEIJING YANHUA   :    -       3.84   HOPEWELL HOLD    :    -      19.11   
    BANK OF E ASIA   :    -      23.33   HSBC HOLDINGS    :    -        -     
    BOC HONG KONG    :  13.92      -     HUANENG POWER    :    -        -     
    CATHAY PAC AIR   :    -        -     HUTCHISON        :    -        -     
    CHEUNG KONG      :    -        -     HYSAN DEV        :    -      16.17   
    CHINA RESOURCES  :    -        -     JOHNSON ELEC H   :    -        -     
    CHINA MOBILE     :    -      26.93   LENOVO GROUP     :    -        -     
    CHINA TELECOM    :    -       2.86   LI & FUNG        :    -        -     
    CHINA UNICOM     :    -        -     MTR CORPORATION  :  11.93    12.67   
    CITIC PACIFIC    :    -        -     NEW WORLD DEV    :    -       8.24   
    CKI HOLDINGS     :    -        -     NEW WORLD TMT    :    -        -     
    CLP HOLDINGS     :    -        -     PCCW             :    -        -     
    CNOOC            :    -        -     SCMP GROUP       :    -       3.84   
    DATANG POWER     :    -        -     SHANGHAI IND H   :  16.20      -     
    ESPRIT HOLDINGS  :    -        -     SHANGHAI PECHEM  :   3.13      -     
    FIRST PACIFIC    :    -        -     SHANGRI-LA ASIA  :    -        -     
    GREAT EAGLE H    :    -      17.05   SMARTONE TELE    :    -        -     
    GUANGSHEN RAIL   :   2.72      -     SHK PPT          :    -        -     
    HANG LUNG GROUP  :  13.34      -     SINO LAND        :   6.98      -     
    HANG LUNG PPT    :    -      11.59   SWIRE PACIFIC A  :    -        -     
    HANG SENG BANK   :    -        -     TRACKER FUND     :    -        -     
    HENDERSON LAND   :    -        -     WHARF HOLDINGS   :    -        -     
    HK & CHINA GAS   :    -        -     WHEELOCK         :    -      11.54   
    HK ELECTRIC      :    -        -     ZHEJIANGEXPRESS  :    -        -