10:08 CHINA SPECIAL STEEL HOLDINGS COMPANY LIMITED<02889>-Ann. (2) Application has been made by the Company to the Listing Committee of the Stock Exchange for the granting of the listing of, and permission to deal in, the Shares in issue and to be issued as mentioned in the Prospectus and the application forms relating thereto, and any options granted under the Share Option Scheme as described in the Prospectus. Dealings in the Shares on the Stock Exchange are expected to commence at 9:30 a.m. on 19 May, 2005. Subject to the granting of the listing of, and permission to deal in, the Shares on the Stock Exchange as well as compliance with the stock admission requirements of HKSCC, the Shares will be accepted as eligible securities by HKSCC for deposit, clearance and settlement in the Central Clearing and Settlement System (``CCASS'') with effect from the commencement date of dealings in the Shares on the Stock Exchange or any other date as determined by HKSCC. All activities under CCASS are subject to the General Rules of CCASS and the CCASS Operational Procedures in effect from time to time. The International Offering is subject to the conditions set out in the paragraph headed ``Conditions of the Public Offer'' in the section headed ``Structure and Conditions of the International Offering'' in the Prospectus. If the conditions are not fulfilled or waived by Cazenove (on behalf of the Public Offer Underwriters) prior to the times and dates as specified in the Prospectus, the International Offering will lapse and the Stock Exchange will be notified immediately. Notice of the lapse of the Public Offer will be published by the Company in the South China Morning Post (in English) and the Hong Kong Economic Times (in Chinese) on the next day following such lapse, and all application monies will be returned, without interest, on the terms set out in the section headed ``Conditions of your application --- Refund of your money'' in the notes in the application forms. The Offer Price is expected to be determined by agreement between the Company and Cazenove (on behalf of the Underwriters) on or before 5:00 p.m. on Friday, 13 May, 2005 or such later time as may be agreed between Cazenove (on behalf of the Underwriters) and the Company but in any event no later than 5:00 p.m. on Tuesday, 17 May, 2005. The Offer Price will be not more than HK$1.85 per Offer Share and is expected to be not less than HK$1.48 per Offer Share although Cazenove, on behalf of the Underwriters, and the Company may agree to a lower price. Cazenove, on behalf of the Underwriters, may, with the consent of the Company, reduce the indicative Offer Price range below that stated in the Prospectus at any time prior to the morning of the last day for lodging applications under the Public Offer. In such a case, notices of the reduction of the indicative Offer Price range will be published in the South China Morning Post (in English) and the Hong Kong Economic Times (in Chinese) as soon as practicable but in any event not later than the morning of the last day for lodging applications under the Public Offer. If applications for the Public Offer Shares have been submitted prior to the last day for lodging applications under the Public Offer, then even if the Offer Price is so reduced, such applications cannot be subsequently withdrawn (except in the circumstances described in the section headed ``How to apply for the Public Offer Shares'' in the Prospectus). If, for any reason, Cazenove, on behalf of the Underwriters, and the Company are unable to reach an agreement on the Offer Price, the International Offering will not become unconditional and will lapse immediately. Application for the Public Offer Shares must be paid on the basis of the maximum Offer Price of HK$1.85 per Offer Share, plus brokerage fee of 1%, SFC transaction levy of 0.005%, SFC investor compensation levy of 0.002% and Stock Exchange trading fee of 0.005%. If the International Offering does not become unconditional, all application monies received from applicants under the Public Offer will be refunded, and in the event that the Offer Price is less than the price per Offer Share initially paid upon application, the appropriate portion of affected applicants' application monies will be refunded, in each case without interest and on the terms set out in the paragraph headed ``Collection/Posting of share certificates and/or refund cheques and deposit of share certificates into CCASS'' in the section headed ``How to apply for the Public Offer Shares'' in the Prospectus. Refund or monies will also be made, in accordance with such terms and conditions, in respect of wholly or partially unsuccessful applications. Applicants who apply for 1,000,000 Public Offer Shares or more on a WHITE or YELLOW application form and have indicated their intention on their application forms to collect their refund cheque(s) (where applicable) and/or (for applicants using WHITE application forms) share certificate(s) (where applicable) from the Company's Hong Kong branch share registrar, Computershare Hong Kong Investor Services Limited, and have provided all information required by their application forms, may collect the same from Shops 1712--1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong from 9:00 a.m. to 1:00 p.m. on Wednesday, 18 May, 2005. Applicants being individuals must not authorise any other person to make collection on their behalf. Applicants must show