10:41     Exotic Warrant Information (17)                                     

    The Exchange endeavours to ensure the accuracy and reliability            
    of the information provided, but does not guarantee its accuracy          
    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 the information relating to exotic warrants.           
    Investors are reminded to refer to the related warrant listing            
    documents for details of the terms and conditions of the warrant.         
                                                                              
    Stock Code                                                                
    (List Date)       Salient Features                                        
    --------------    ------------------------------------------------------  
                                                                              
    3970              European-style Straddle Warrants                        
    10/3/2005         May only be exercised on 21/12/2006                     
                      Cash Settlement Amount is determined in accordance      
                      with the following formula, which is calculated as      
                      follows:                                                
                      (a) Entitlement multiplied by (i) Closing Price less    
                          (ii) the Exercise Price; and then less the          
                          Exercise Expenses, if the Closing Price is above    
                          the Exercise Price                                  
                      (b) Entitlement multiplied by (i) the Exercise Price    
                          less (ii) the Closing Price and then less the       
                          Exercise Expenses, if the Closing Price is below    
                          the Exercise Price                                  
                      (c) Cash Settlement Amount will be zero if the Closing  
                          Price is equal to the Exercise Price                
                      where the Closing Price is the arithmetic mean of the   
                      closing price of one underlying share (as derived from  
                      the Daily Quotation Sheet of the Stock Exchange) for    
                      each Valuation Date (being each of the five Business    
                      Days immediately preceding the Expiry Date).