10:22     <04934>, <04936>, <04937> & <04938> - Announcement (3)              

    Warrant 2:                                                                
    Company:        China Mobile (Hong Kong) Limited                          
    Shares: Existing issued ordinary shares of HK$0.10 each of the Company    
    Type:   Call                                                              
    Issue Size:     400,000,000                                               
    Launch Date:    6 May, 2005                                               
    Issue Date:     11 May, 2005                                              
    Issue Price:    HK$0.25                                                   
    Expiry Date:    13 February, 2006                                         
    Exercise Price: HK$28.48 per ten Warrants                                 
    Board Lot:      5,000 Warrants                                            
    Exercise Amount:        10 Warrants                                       
    Entitlement:    1 Share                                                   
    Premium:        11.64%                                                    
    Gearing:        11.10x                                                    
    Effective Gearing:      5.77x                                             
    Implied Volatility:     28.00%                                            
    Listing Date:   13 May, 2005                                              
    Liquidity Provider Broker ID Number:    9509                              
                                                                              
    Warrant 3:                                                                
    Company:        China Mobile (Hong Kong) Limited                          
    Shares: Existing issued ordinary shares of HK$0.10 each of the Company    
    Type:   Put                                                               
    Issue Size:     400,000,000                                               
    Launch Date:    6 May, 2005                                               
    Issue Date:     11 May, 2005                                              
    Issue Price:    HK$0.25                                                   
    Expiry Date:    21 November, 2005                                         
    Exercise Price: HK$28.18 per ten Warrants                                 
    Board Lot:      5,000 Warrants                                            
    Exercise Amount:        10 Warrants                                       
    Entitlement:    1 Share                                                   
    Premium:        7.46%                                                     
    Gearing:        11.10x                                                    
    Effective Gearing:      5.33x                                             
    Implied Volatility:     28.00%                                            
    Listing Date:   13 May, 2005                                              
    Liquidity Provider Broker ID Number:    9559                              
                                                                              
    Warrant 4:                                                                
    Index:  Hang Seng Index                                                   
    Type:   Put                                                               
    Launch Date:    6 May, 2005                                               
    Issue Size:     400,000,000                                               
    Issue Price:    HK$0.25                                                   
    Issue Date:     11 May, 2005                                              
    Expiry Date:    29 November, 2005                                         
    Closing Level:  Final settlement price for settling the Hang Seng Index   
    November 2005 Futures Contracts                                           
    Strike Level:   14,400.00                                                 
    Board Lot:      10,000 Warrants                                           
    Entitlement Ratio:      4,300 Warrants for one Index                      
    Premium:        5.24%                                                     
    Gearing:        13.08x                                                    
    Effective Gearing:      7.32x                                             
    Implied Volatility:     19.00%                                            
    Listing Date:   13 May, 2005                                              
    Liquidity Provider Broker ID Number:    9559