09:33     <04942>, <04945>, <04946> & <04947> - Announcement (1)              

    This announcement appears for information purposes only and does not      
    constitute an invitation or offer to acquire, purchase or subscribe for   
    the Warrants described below.                                             
                                                                              
    The Stock Exchange of Hong Kong Limited                                   
    (the "Stock Exchange") takes no responsibility for the contents of this   
    announcement, makes no representation as to its accuracy or               
    completeness and expressly disclaims any liability whatsoever for any     
    loss howsoever arising from or in reliance upon the whole or any part     
    of the contents of this announcement.                                     
                                                                              
     388,000,000 European Style (Cash Settled) Index Put Warrants 2005        
    relating to the Hang Seng Index                                           
    ("Series A")                                                              
                                                                              
    400,000,000 European Style (Cash Settled) Call Warrants 2005              
    relating to existing issued ordinary shares of                            
    HK$0.10 each of China Mobile (Hong Kong) Limited                          
    ("Series B")                                                              
                                                                              
    128,000,000 European Style (Cash Settled) Call Warrants 2005-2006         
    relating to existing issued ordinary shares of                            
    HK$0.10 each of Esprit Holdings Limited                                   
    ("Series C")                                                              
                                                                              
    400,000,000 European Style (Cash Settled) Put Warrants 2005               
    relating to existing issued ordinary shares of                            
    HK$0.10 each of China Mobile (Hong Kong) Limited                          
    ("Series D")                                                              
                                                                              
    issued by                                                                 
                                                                              
    KBC Financial Products International Ltd.                                 
    (Incorporated with limited liability in the Cayman Islands)               
                                                                              
    unconditionally and irrevocably guaranteed by                             
                                                                              
    KBC Bank NV                                                               
    (Incorporated with limited liability in Belgium)                          
                                                                              
    Sponsor/Manager                                                           
                                                                              
    KBC Financial Products Hong Kong Limited                                  
                                                                              
    Announcement                                                              
                                                                              
    The directors of KBC Financial Products International Ltd. (the           
    "Issuer") announce their intention to issue the series of Warrants        
    detailed below (the "Warrants"). In respect of Series A, every 4,800      
    warrants relating to one index unit of the Hang Seng Index (the           
    "Index"), in respect of Series B and D, every ten warrants relating to    
    one existing issued ordinary share HK$0.10 of China Mobile (Hong Kong)    
    Limited and in respect of Series C, every ten warrants relating to one    
    existing issued ordinary share of HK$0.10 of Esprit Holdings              
    Limited.                                                                  
                                                                              
    Warrants    Share      Company / Index    Issue Price    Expiry Date      
                                                                              
    Series A    N/A         Hang Seng Index    HK$0.25      29th November,    
                                               2005                           
                                                                              
    Series B   HK$0.10  China Mobile                 HK$0.250    24th         
    November,                                                                 
                                     (Hong Kong)                              
    2005                                                                      
                                     Limited                                  
                                                                              
    Series C   HK$0.10  Esprit Holdings       HK$0.703   18th April,          
                                      Limited                                 
         2006                                                                 
                                                                              
    Series D  HK$0.10  China Mobile           HK$0.250   17th November,       
                                    (Hong Kong)                               
    2005                                                                      
                                     Limited                                  
                                                                              
    Trading Board Lots            Exercise Price / Strike Level               
                                                                              
    10,00                                 14,400                              
                                                                              
    5,000                                 HK$27.80