09:41     COFCO INTL<00506> - Announcement (4)                                

    subsidiaries are, individually or in the aggregate, the largest           
    equity interest holder, institutions with legal person status             
    and associations with legal person status which belong to COFCO           
    or its subsidiaries.                                                      
                                                                              
    DEFINITIONS                                                               
                                                                              
    "Board" the board of Directors                                            
                                                                              
    "CBRC"  China Banking Regulatory Commission                               
                                                                              
    "COFCO" China National Cereals, Oils & Foodstuffs Corporation,            
    a state-owned enterprise under the purview of the State Council           
    of the PRC and is the ultimate holding company of the Company             
                                                                              
    "COFCO Finance" COFCO Finance Corporation Limited, a limited              
    liability company established under the Company Law and other             
    regulations of the PRC and a beneficially wholly-owned                    
    subsidiary of COFCO                                                       
                                                                              
    "COFCO Group"   COFCO and its subsidiaries                                
                                                                              
    "Company"       COFCO International Limited, a limited company            
    incorporated in Bermuda whose shares are listed on the Stock              
    Exchange                                                                  
                                                                              
    "Director(s)"   director(s) of the Company                                
                                                                              
    "Group" the Company and its subsidiaries and associates                   
                                                                              
    "HK$"   Hong Kong dollars, the lawful currency of Hong Kong               
                                                                              
    "Hong Kong"     the Hong Kong Special Administrative Region of the        
    PRC                                                                       
                                                                              
    "Listing Rules" the Rules Governing the Listing of Securities             
    on The Stock Exchange of Hong Kong Limited                                
                                                                              
    "PBOC"  the People's Bank of China, the central bank of the PRC           
                                                                              
    "PRC"   the People's Republic of China                                    
                                                                              
    "Relevant Period"       the period from 30 October 2002 to 10 March       
    2005                                                                      
                                                                              
    "RMB"   Renminbi, the lawful currency of the PRC                          
                                                                              
    "Stock Exchange"        The Stock Exchange of Hong Kong Limited           
                                                                              
    For the purpose of this announcement, unless otherwise indicated,         
    the exchange rate at HK$1 = RMB1.06 has been used, where                  
    applicable, for the purpose of illustration only and does not             
    constitute a representation that any amount has been, could have          
    been or may be exchanged.                                                 
                                                                              
    By order of the Board                                                     
    COFCO International Limited                                               
    Yu Guangquan                                                              
    Managing Director                                                         
                                                                              
    Hong Kong, 4 May 2005                                                     
                                                                              
    As at the date of this announcement, the Board comprises of Messrs.       
    Ning Gaoning, Liu Fuchun, Yu Guangquan, Xue Guoping, Liu Yongfu,          
    Ng Eng Leong and Qu Zhe, all being executive Directors and Messrs.        
    Stephen Edward Clark, Tan Man Kou and Yuen Tin Fan, Francis,              
    all being independent non-executive Directors.