09:35     CHINA SOUTH AIR<01055> - Announcement (3)                           

    "Airbus Aircraft Acquisition Agreement"  the aircraft acquisition         
    agreement dated April 21, 2005 pursuant to which the Company and SAIETC   
    have agreed to acquire and Airbus has agreed to sell the Airbus Aircraft  
                                                                              
    "Board"  the board of Directors                                           
                                                                              
    "Company"  China Southern Airlines Company Limited                        
                                                                              
    "CSAHC"  China Southern Air Holding Company                               
                                                                              
    "Directors"  the directors of the Company                                 
                                                                              
    "Listing Rules"  the Rules Governing the Listing of Securities on the     
    Stock Exchange                                                            
                                                                              
    "SAIETC"  Southern Airlines (Group) Import and Export Trading Company     
                                                                              
    "Stock Exchange"  The Stock Exchange of Hong Kong Limited                 
                                                                              
    "Transaction"  the acquisition of Airbus Aircraft under the Airbus        
    Aircraft Acquisition Agreement                                            
                                                                              
    By Order of the Board                                                     
    Su Liang                                                                  
    Company Secretary                                                         
                                                                              
    Guangzhou, the People's Republic of China                                 
    April 21, 2005                                                            
                                                                              
    As at the date of this announcement, the Directors of the Company         
    include Liu Shao Yong, Liu Ming Qi, Peng An Fa, Wang Quan Hua, Zhao Liu   
    An, Zhou Yong Qian, Zhou Yong Jin, Xu Jie Bo, Wu Rong Nan and Si Xian     
    Min as executive Directors; and Simon To, Peter Lok, Wei Ming Hai, Wang   
    Zhi and Sui Guang Jun as independent non-executive Directors.