09:57     SG-BRI C@EC0505<04646> & SG-CP&CC@EC0505<04647> - Ann. (2)          

    The aggregate Cash Settlement Amount (less any Exercise Expenses) for     
    each warrant issue, shall be despatched no later than three Business      
    Days following the Expiry Date by way of cheque drawn in favour of the    
    Warrantholder.                                                            
                                                                              
    If, on the Expiry Date, the Cash Settlement Amount is positive, the       
    Warrants will be automatically exercised (without any exercise notice     
    being required to be delivered by the holders of the Warrants).           
                                                                              
    If the Cash Settlement Amount is a sum less than or equal to zero, all    
    Warrants shall be deemed to have expired at 10:00 a.m. (Hong Kong time)   
    on the Expiry Date and the Warrantholders shall not be entitled to        
    receive any payment from the Issuer in respect of such Warrants.          
                                                                              
    The Issuer has made the following arrangements regarding dealings in and  
    transfers and exercise of the Warrants:-                                  
                                                                              
    1.      Warrantholders should not be required to lodge any exercise       
    notice if the Cash Settlement Amount is positive as the Warrants shall    
    be automatically exercised.                                               
                                                                              
    2.    Application will be made for the listing of the Warrants on the     
    Stock Exchange to be withdrawn with effect from the close of business     
    on the  Expiry Date.                                                      
                                                                              
                                                                              
    27 April 2005   SGA Societe Generale Acceptance N.V.