09:01     KC-SHK P@EC0511<04821> - New Listing                                

    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$0.50 each of Sun Hung Kai Properties Limited issued 
    by KBC Financial Products International Ltd. will commence at 9:30 a.m.   
    on Wednesday, 20/04/2005 under the following particulars:-                
                                                                              
    Stock Code      Stock Short Name        Board Lot                         
    ----------      ----------------        ---------                         
    4821            KC-SHK P@EC0511         10,000 units