08:39     Last Sale Prices of Pilot Program NASDAQ Stocks in US               

                                                                              
    Last Sale Prices of Pilot Program NASDAQ Stocks in US on 12 May 2005      
    are as follows:                                                           
    (Source: NASDAQ website www.nasdaq.com, for reference only)               
                                                                              
                                                   HK$ Equivalent             
    STOCK CODE  STOCK SHORT NAME    US$   (@7.80 rounded to 4 decimal places) 
    ----------  ----------------  ------- ----------------------------------- 
    4331        DELL-T            36.6100          285.5580                   
    4332        AMGEN-T           61.8000          482.0400                   
    4333        CISCO-T           18.7000          145.8600                   
    4335        INTEL-T           24.8400          193.7520                   
    4336        APPL MATERIAL-T   15.6900          122.3820                   
    4337        STARBUCKS-T       53.1500          414.5700                   
    4338        MICROSOFT-T       25.0000          195.0000                   
                                                                              
    HK$ Equivalent of the last sale price is displayed in the freetext area of
    respective stock page.