10:30     <04862>, <04863>, <04864> & <04866> - Announcement (1)              

    The Stock Exchange of Hong Kong Limited (the `Stock Exchange') takes      
    no responsibility for the contents of this announcement, makes no         
    representation as to its accuracy or completeness 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         
    this announcement.                                                        
                                                                              
    This announcement is for information purposes only and does not           
    constitute an invitation or offer to acquire, purchase or subscribe       
    for the Warrants (as defined below).                                      
                                                                              
                                                                              
    200,000,000 European Style Call Warrants (Cash Settled) 2005/2006         
    in Global Registered Form relating to existing issued ordinary shares     
    of                                                                        
                                                                              
    HK$0.25 each of Hutchison Whampoa Limited                                 
    (`Hutchison Whampoa Call Warrants')                                       
                                                                              
    35,000,000 European Style Call Warrants (Cash Settled) 2005               
    in Global Registered Form relating to existing issued ordinary shares     
    of                                                                        
                                                                              
    HK$0.05 each of Texwinca Holdings Limited                                 
    (`Texwinca Call Warrants')                                                
                                                                              
    200,000,000 European Style Put Warrants (Cash Settled) 2005/2006          
    in Global Registered Form relating to existing issued shares of           
    HK$0.25 each of Hutchison Whampoa Limited                                 
    (`Hutchison Whampon Put Warrants')                                        
                                                                              
    200,000,000 European Style Put Warrants (Cash Settled) 2005/2006          
    in Global Registered Form relating to existing issued shares of           
    HK$0.50 each of Sun Hung Kai Properties Limited                           
    (`Sun Hung Kai Put Warrants')                                             
                                                                              
    (together, the `Warrants' which reference shall be,                       
    as the context requires,                                                  
    to each series of Warrants comprising the Warrants)                       
                                                                              
    all to be issued by                                                       
    BOCI Asia Limited (the `Issuer')                                          
    (incorporated in Hong Kong with limited liability)                        
                                                                              
    Placing Agent                                                             
    BOCI Securities Limited                                                   
                                                                              
    The Issuer announced its intention to issue the series of Warrants        
    detailed below. In respect of each series, the Warrants relate to the     
    existing issued ordinary shares of the relevant company (the              
    `Shares') specified below. Each series of Warrants will only be           
    exercisable on<ep;;j> the relevant expiry date (the `Expiry Date'),       
    at the relevant exercise price (the `Exercise Price') and in the          
    relevant board lot (the `Board Lot') or integral multiples thereof,       
    all of which are specified below:                                         
                                                                              
    Warrants  Board Lot Entitleme Number    Shares    Expiry    Exercise      
                        nt        of                  Date      Price         
                                  Warrant(s                                   
                                  ) per                                       
                                  Entitleme                                   
                                  nt                                          
                                                                              
    Hutchison 10,000    1 Share   10        existing  17        HK$71.40      
     Whampoa                                issued    January                 
    Call                                    ordinary  2006                    
    Warrants                                shares                            
                                            of                                
                                            HK$0.25                           
                                            each of                           
                                            Hutchison                         
                                             Whampoa                          
                                            Limited                           
    Texwinca  2,000     1 Share   1         existing  16        HK$6.30       
    Call                                    issued    December                
    Warrants                                ordinary  2005                    
                                            shares                            
                                            of                                
                                            HK$0.05                           
                                            each of                           
                                            Texwinca                          
                                            Holdings                          
                                            Limited                           
    Hutchison 10,000    1 Share   10        existing  17        HK$64.60      
     Whampoa                                issued    January                 
    Put                                     ordinary  2006                    
    Warrants                                shares                            
                                            of                                
                                            HK$0.25                           
                                            each of                           
                                            Hutchison                         
                                             Whampoa                          
                                            Limited                           
    Sun Hung  10,000    1 Share   10        existing  16        HK$67.25