10:14     J.P. MORGAN - Daily Trading Summary of Derivative Warrants          

    The Stock Exchange of Hong Kong Limited received notifications            
    regarding the daily trading summary of derivative warrants as follows:-   
                                                                              
    Trade Date - 27/04/2005                                                   
                                                                              
                                                                              
                                           Average                  Percent   
                              Number      (HK$) per                of Issue   
                                of         Warrant     Number of     Still    
    Stock           Stock    Warrants       Bought   Warrants Still  out in   
    Short Name       Code  Bought/(Sold)   /(Sold)   out in Market   Market   
    ---------------  ----  -------------  ---------  -------------- --------  
    JP-ESPRI@EC0504  2104              -          -         725,000    0.58%  
    JP-HSI @EC0504   2177              -          -          50,000    0.01%  
    JP-HKEX @EC0506  2178              -          -       4,240,000    1.12%  
    JP-PINAN@EC0507  2226              -          -         800,000    0.20%  
            -          -         800,000    0.20%                             
    JP-YZ CM@EC0506  2228              -          -     380,000,000  100.00%  
    JP-CLIFE@EC0509  3753              -          -       6,125,000    4.22%  
    JP-DAT P@EC0509  3754              -          -       1,604,000    1.42%  
    JP-HSCEI@EC0508  3755              -          -      11,110,000    6.17%  
    JP-PINAN@EC0511  3756        100,000       0.07       1,740,000    0.44%  
    JP-PINAN@EC0511  3756       (50,000)     (0.07)       1,740,000    0.44%  
    JP-YZ CM@EC0509  3757    (5,800,000)     (0.08)     126,360,000   31.59%  
    JP-ALUCO@EC0510  3768              -          -      10,984,000    9.72%  
    JP-BOCHK@EC0509  3769              -          -         237,000    0.23%  
    JP-CSHIP@EC0508  3770              -          -          86,000    0.08%  
    JP-COSCO@EC0512  3771              -          -         920,000    0.23%  
    JP-HWL @EC0508   3772              -          -       7,420,000    4.47%  
    JP-SPA @EC0508   3773      (560,000)     (0.26)       1,120,000    0.44%  
    JP-CP&CC@EC0508  3813              -          -     118,276,000   29.57%  
    JP-PETCH@EC0508  3814              -          -       3,000,000    0.75%  
    JP-HSBC @EC0603  3840              -          -         520,000    0.32%  
    JP-HUA P@EC0512  3841              -          -           6,000    0.00%  
    JP-ALUCO@EC0509  3980              -          -       6,594,000    5.50%  
    JP-C TEL@EC0510  3981              -          -         190,000    0.07%  
    JP-CITIC@EC0510  3983      (200,000)     (0.21)         200,000    0.05%  
    JP-JIANC@EC0509  3984      (400,000)     (0.12)      43,302,000   16.65%  
    JP-SPA  @EC0512  3985              -          -               0    0.00%  
    JP-YZ CM@EC0510  3986              -          -               0    0.00%  
    JP-CPAIR@EC0504  4455              -          -          87,000    0.12%  
    JP-CNOOC@EC0507  4668              -          -               0    0.00%  
    JP-J ELE@EC0508  4669              -          -      12,003,000   10.62%  
    JP-L&F  @EC0506  4670       (60,000)     (2.13)          70,000    0.09%  
    JP-M I&S@EC0506  4671    (1,030,000)     (0.02)       6,018,000    2.31%  
    JP-SMIC @EC0506  4672              -          -       4,800,000    1.35%  
    JP-CPAIR@EC0510  4817              -          -               0    0.00%  
    JP-J ELE@EC0511  4819              -          -               0    0.00%  
    JP-HSBC @EC0506  9150              -          -       4,668,000    3.22%  
    JP-SHK P@EC0505  9548              -          -       4,710,000    4.28%