10:11     <04896>, <04897>, <04899>, <04900> & <04901>-Announcement(3)        

    Warrant 2:                                                                
    Company:        Cheung Kong (Holdings) Limited                            
    Shares: Existing issued ordinary shares of HK$0.50 each of the Company    
    Type:   Put                                                               
    Issue Size:     179,000,000                                               
    Launch Date:    28 April, 2005                                            
    Issue Date:     4 May, 2005                                               
    Issue Price:    HK$0.56                                                   
    Expiry Date:    28 November, 2005                                         
    Exercise Price: HK$73.38 per ten Warrants                                 
    Board Lot:      10,000 Warrants                                           
    Exercise Amount:        10 Warrants                                       
    Entitlement:    1 Share                                                   
    Premium:        7.78%                                                     
    Gearing:        13.13x                                                    
    Effective Gearing:      6.30x                                             
    Implied Volatility:     23.50%                                            
    Listing Date:   6 May, 2005                                               
    Liquidity Provider Broker ID Number:    9509                              
                                                                              
    Warrant 3:                                                                
    Company:        Hutchison Whampoa Limited                                 
    Shares: Existing issued ordinary shares of HK$0.25 each of the Company    
    Type:   Call                                                              
    Issue Size:     345,000,000                                               
    Launch Date:    28 April, 2005                                            
    Issue Date:     4 May, 2005                                               
    Issue Price:    HK$0.29                                                   
    Expiry Date:    7 November, 2005                                          
    Exercise Price: HK$73.88 per ten Warrants                                 
    Board Lot:      10,000 Warrants                                           
    Exercise Amount:        10 Warrants                                       
    Entitlement:    1 Share                                                   
    Premium:        9.69%                                                     
    Gearing:        24.14x                                                    
    Effective Gearing:      9.17x                                             
    Implied Volatility:     23.50%                                            
    Listing Date:   6 May, 2005                                               
    Liquidity Provider Broker ID Number:    9509                              
                                                                              
    Warrant 4:                                                                
    Company:        Hutchison Whampoa Limited                                 
    Shares: Existing issued ordinary shares of HK$0.25 each of the Company    
    Type:   Put                                                               
    Issue Size:     157,000,000                                               
    Launch Date:    28 April, 2005                                            
    Issue Date:     4 May, 2005                                               
    Issue Price:    HK$0.64                                                   
    Expiry Date:    21 November, 2005                                         
    Exercise Price: HK$71.88 per ten Warrants                                 
    Board Lot:      10,000 Warrants                                           
    Exercise Amount:        10 Warrants                                       
    Entitlement:    1 Share                                                   
    Premium:        6.46%                                                     
    Gearing:        10.94x                                                    
    Effective Gearing:      6.02x                                             
    Implied Volatility:     23.50%                                            
    Listing Date:   6 May, 2005                                               
    Liquidity Provider Broker ID Number:    9509                              
                                                                              
    Warrant 5:                                                                
    Index:  Hang Seng Index                                                   
    Type:   Put                                                               
    Launch Date:    28 April, 2005                                            
    Issue Size:     313,000,000                                               
    Issue Price:    HK$0.32                                                   
    Issue Date:     4 May, 2005                                               
    Expiry Date:    29 December, 2005                                         
    Closing Level:  Final settlement price for settling the Hang Seng Index   
    December 2005 Futures Contracts                                           
    Strike Level:   14,400.00                                                 
    Board Lot:      10,000 Warrants                                           
    Entitlement Ratio:      4,500 Warrants for one Index                      
    Premium:        6.70%                                                     
    Gearing:        9.65x                                                     
    Effective Gearing:      5.31x                                             
    Implied Volatility:     23.50%                                            
    Listing Date:   6 May, 2005                                               
    Liquidity Provider Broker ID Number:    9509