10:13     CHINA EAST AIR<00670> - Announcement (2)                            

    The Transaction has been approved by the relevant regulatory authority    
    (ies) in the People's Republic of China in compliance with the relevant   
    regulatory requirements. The Directors believe that the terms of the      
    Aircraft Purchase Agreement and the Transaction are fair and reasonable   
    and in the interests of the Company's shareholders as a whole.            
                                                                              
    The Company will perform the Aircraft Purchase Agreement in accordance    
    with its terms and provisions.  The relevant "percentage ratio" for the   
    Transaction calculated under Rule 14.07 of the Listing Rules is above 25%,
    but less than 100%.  Nonetheless, based on the information currently      
    available to the Stock Exchange, the Stock Exchange takes the view that   
    the Transaction and the aircraft purchase agreements of 9th October, 2004 
    and 16th March, 2005 with Airbus SAS (as disclosed in the Company's       
    announcements dated 13th October, 2004 and 17th March, 2005, respectively)
    will, pursuant to Rule 14.22 of the Listing Rules, be aggregated and      
    treated as if they were one transaction for the purpose of Chapter 14 of  
    the Listing Rules as applied by the Stock Exchange.  The Aircraft Purchase
    Agreement is therefore considered by the Stock Exchange to constitute a " 
    very substantial acquisition" of the Company, and a shareholders' meeting 
    is required to be convened to adopt the Aircraft Purchase Agreement.  The 
    Company has been in discussions with the Stock Exchange regarding the     
    applicability of the relevant provisions under the Listing Rules, and is, 
    alternatively, seeking from the Stock Exchange a waiver from strict       
    compliance with the shareholders' meeting requirement if required.  The   
    Company will make further announcement as and when appropriate.           
                                                                              
    DEFINITIONS                                                               
                                                                              
    In this announcement, unless the context otherwise requires,              
    the following terms shall have the following meanings:                    
                                                                              
    "Airbus SAS"    means Airbus SAS, a company created and existing          
    under the laws of France;                                                 
                                                                              
    "Aircraft"      means fifteen brand new A320 series aircraft,             
    comprising eleven A321 and four A320 aircraft (with engines),             
    being purchased by the Company from Airbus SAS;                           
                                                                              
    "Aircraft Purchase      means an agreement of 21st April, 2005            
    between the                                                               
      Agreement"    Company and Airbus SAS in respect of the                  
    purchase by the Company of the Aircraft from Airbus SAS;                  
                                                                              
    "CEA Holding"   means*(China Eastern Air Holding Company), a wholly       
    State-owned enterprise and the controlling shareholder of the Company     
    holding approximately 61.64% of its issued share capital;                 
                                                                              
    "Company"       means*(China Eastern Airlines Corporation Limited), a     
    joint stock limited company incorporated in the People's Republic of      
    China with limited liability, whose H shares, A shares and American       
    depositary shares are listed on the Stock Exchange, the Shanghai Stock    
    Exchange and the New York Stock Exchange, Inc., respectively;             
                                                                              
    "Directors"     means the directors of the Company;                       
                                                                              
    "HK$"   means Hong Kong dollar, the lawful currency of Hong Kong;         
                                                                              
    "Hong Kong"     means the Hong Kong Special Administrative Region         
    of the People's Republic of China;                                        
                                                                              
    "Listing Rules" means the Rules Governing the Listing of Securities       
    on The Stock Exchange of Hong Kong Limited;                               
                                                                              
    "RMB"   means Renminbi, the lawful currency of the People's               
    Republic of China;                                                        
                                                                              
    "Stock Exchange"        means The Stock Exchange of Hong Kong             
    Limited;                                                                  
                                                                              
    "Transaction"   means the proposed acquisition by the Company of          
    the Aircraft under the Aircraft Purchase Agreement.                       
                                                                              
                                                                              
    By order of the board of the Directors                                    
    CHINA EASTERN AIRLINES                                                    
    CORPORATION LIMITED                                                       
    Luo Zhuping                                                               
    Director and Company Secretary                                            
                                                                              
    The Directors as at the date of this announcement are:                    
                                                                              
    Li Fenghua (Chairman, Executive Director)                                 
    Ye Yigan (Non-executive Director)                                         
    Cao Jianxiong (Non-executive Director)                                    
    Wan Mingwu (Vice President, Executive Director)                           
    Zhong Xiong (Non-executive Director)                                      
    Luo Zhuping (Executive Director)                                          
    Hu Honggao (Independent non-executive Director)                           
    Peter Lok (Independent non-executive Director)                            
    Wu Baiwang (Independent non-executive Director)                           
    Zhou Ruijin (Independent non-executive Director)                          
    Xie Rong (Independent non-executive Director)                             
                                                                              
    Shanghai, the People's Republic of China                                  
    21st April, 2005