09:58     MSDW - 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 - 03052005                                                     
                                                                              
                                                                              
                                                                              
                                           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   
    ---------------  ----  -------------  ---------  -------------- --------  
    MS-HSBC@EC0506   3562        -            -         32,860,000     9.2%   
    MS-HSBC@EP0509   3563        -            -              8,000     0.0%   
    MS-HSCEI@EP0507  3628      (100,000)   (0.200)       4,100,000     1.0%   
    MS-HSCEI@EC0510  3629        -            -            320,000     0.1%   
    MS-HSI@EP0506    3630       400,000     0.175        4,220,000     1.1%   
    MS-HSI@EP0506    3630      (200,000)   (0.175)       4,220,000     1.1%   
    MS-HSI@EP0509    3631        -            -          3,850,000     1.0%   
    MS-HSI@EC0512    3632       390,000     0.094        2,620,000     0.7%   
    MS-HSI@EC0512    3632      (100,000)   (0.092)       2,620,000     0.7%   
    MS-HSI @EP0506B  3737     1,000,000     0.154       11,270,000     2.8%   
    MS-HSI @EP0506B  3737    (1,060,000)   (0.156)      11,270,000     2.8%   
    MS-HSI @EP0507   3738        -            -            560,000     0.1%   
    MS-HSBC @EP0506  3739        -            -             12,000     0.0%   
    MS-CK(H)@EC0510  3788       200,000     0.185        1,130,000     0.4%   
    MS-HWL @EC0507   3789       100,000     0.021        2,420,000     0.6%   
    MS-HSI @EC0510   4747        -            -                  0     0.0%   
    MS-HSI @EC0511   4748        -            -                  0     0.0%   
    MS-HSI @EP0510A  4751       600,000     0.142       19,600,000     4.9%   
    MS-HSI @EP0510A  4751    (3,000,000)   (0.149)      19,600,000     4.9%   
    MS-HSI @EP0510B  4752        -            -                  0     0.0%   
    MS-HSI @EP0511   4753       520,000     0.195       26,340,000     6.6%   
    MS-HSI @EP0511   4753    (2,560,000)   (0.194)      26,340,000     6.6%