09:56     <04879>, <04880>, <04881>, <04882> & <04883> - Ann. (1)             

    This announcement appears for information purposes only and does not      
    constitute an invitation or offer to acquire, purchase or subscribe for   
    the Warrants described below.                                             
                                                                              
    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. 
                                                                              
                                                                              
    185,000,000 European Style (Cash Settled) Call Warrants 2005 relating to  
    existing issued ordinary shares of HK$0.50 each of Sun Hung Kai Properties
    Limited ("Series 1")                                                      
    and                                                                       
    220,000,000 European Style (Cash Settled) Call Warrants 2005 relating to  
    existing issued ordinary shares of HK$0.25 each of Hutchison Whampoa      
    Limited ("Series 2")                                                      
    and                                                                       
    220,000,000 European Style (Cash Settled) Call Warrants 2005 relating to  
    existing issued ordinary shares of HK$0.50 each of Cheung Kong (Holdings) 
    Limited ("Series 3")                                                      
    and                                                                       
    300,000,000 European Style (Cash Settled) Call Warrants 2005-2006 relating
    to existing issued ordinary shares of HK$0.10 each of China Mobile (Hong  
    Kong) Limited ("Series 4")                                                
    and                                                                       
    300,000,000 European Style (Cash Settled) Call Warrants 2005-2008 relating
    to existing issued ordinary shares of HK$5.00 each of BOC Hong Kong (     
    Holdings) Limited ("Series 5")                                            
                                                                              
    (together the "Warrants")                                                 
                                                                              
    issued by                                                                 
                                                                              
    ABN AMRO BANK N.V.                                                        
    (incorporated in The Netherlands with its statutory seat in Amsterdam)    
                                                                              
    Sponsor                                                                   
    ABN AMRO ASIA LIMITED                                                     
                                                                              
    Announcement                                                              
                                                                              
    ABN AMRO Bank N.V. (the "Issuer"), acting through its London branch,      
    announces its intention to issue the Warrants detailed below. In respect  
    of each series, the Warrants relate to the shares (the "Shares") of the   
    par value (the "Par Value") of the relevant company (the "Company")       
    specified below. The Warrants are European Style. Each series of Warrants 
    is issued at the relevant issue price (the "Issue Price") and may only be 
    exercised on 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        Entitlement     Number of Warrants per Entitlement        
    Par Value       Company Issue Price per Warrant Expiry Date     Board Lot 
    Exercise Price                                                            
    Series 1        One Share       10      HK$0.50                           
    Sun Hung Kai Properties Limited HK$0.420        5 December 2005 10,000    
    HK$73.18                                                                  
    Series 2        One Share       10      HK$0.25                           
    Hutchison Whampoa Limited       HK$0.343        1 December 2005 10,000    
    HK$70.18                                                                  
    Series 3        One Share       10      HK$0.50                           
    Cheung Kong (Holdings) Limited  HK$0.364        2 December 2005 10,000    
    HK$73.88                                                                  
    Series 4        One Share       10      HK$0.10                           
    China Mobile (Hong Kong) Limitd HK$0.251        22 June 2006    5,000     
    HK$26.38                                                                  
    Series 5        One Share       10      HK$5.00                           
    BOC Hong Kong (Holdings) LimitedHK$0.260        22 December 20085,000     
    HK$13.38                                                                  
                                                                              
    Each series of the Warrants is represented by a global certificate in the 
    name of HKSCC Nominees Limited in registered form. Each Board Lot gives   
    the holder the right to receive from the Issuer upon exercise a payment of
    an amount (the "Cash Settlement Amount"), if any, in Hong Kong Dollars    
    calculated as follows:                                                    
                                                                              
    Cash Settlement Amount per Board Lot in Hong Kong Dollars =               
                                                                              
     Entitlement x (Average Price - Exercise Price) x Board Lot               
     -----------------------------------------------------------              
                   Number of Warrants per Entitlement                         
                                                                              
    Where the Average Price is the arithmetic mean of the closing price of one
    Share (as derived from the Daily Quotation Sheet of the Stock Exchange),  
    subject to any adjustments, for each of the five Valuation Dates (as      
    defined in the Terms and Conditions of Cash Settled Warrants over Single  
    Equities ("Conditions") set out in the base listing document to be dated  
    on or about 27 April 2005 (the "Base Listing Document")).