09:46     <04964><04965><04967><04968><04969> - 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. 
                                                                              
                                                                              
    260,000,000 European Style (Cash Settled) Call Warrants 2005-2006 relating
    to existing issued ordinary H shares of RMB1.00 each of China Petroleum & 
    Chemical Corporation                                                      
    ("Series 1")                                                              
    and                                                                       
    100,000,000 European Style (Cash Settled) Call Warrants 2005-2006 relating
    to existing issued ordinary shares of HK$1.00 each of Sino Land Company   
    Limited ("Series 2")                                                      
    and                                                                       
    120,000,000 European Style (Cash Settled) Put Warrants 2005 relating to   
    existing issued ordinary shares of HK$0.25 each of Hutchison Whampoa      
    Limited ("Series 3")                                                      
    and                                                                       
    110,000,000 European Style (Cash Settled) Put Warrants 2005 relating to   
    existing issued ordinary shares of HK$0.50 each of Cheung Kong (Holdings) 
    Limited                                                                   
    ("Series 4")                                                              
    and                                                                       
    110,000,000 European Style (Cash Settled) Put Warrants 2005 relating to   
    existing issued ordinary shares of HK$0.50 each of Sun Hung Kai Properties
    Limited ("Series 5")                                                      
                                                                              
    (together the "Warrants")                                                 
                                                                              
    issued by                                                                 
                                                                              
    ABN AMRO BANK N.V.                                                        
    (incorporated in The Netherlands with its statutory seat in Amsterdam)    
                                                                              
    Sponsor                                                                   
    ABN AMRO ASIA LIMITED                                                     
                                                                              
    Announcement                                                              
                                                                              
    ABN AMRO Bank N.V. (the "Issuer"), acting through its London branch,      
    announces its intention to issue the Warrants detailed below. In respect  
    of each series, the Warrants relate to the shares (the "Shares") of the   
    par value (the "Par Value") of the relevant company (the "Company")       
    specified below. The Warrants are European Style. Each series of Warrants 
    is issued at the relevant issue price (the "Issue Price") and may only be 
    exercised on the relevant expiry date (the "Expiry Date"), at the relevant
    exercise price (the "Exercise Price") and in the relevant board lot (the  
    "Board Lot") or integral multiples thereof, all of which are specified    
    below.                                                                    
                                                                              
                                                                              
                                                                              
    Warrants        Entitlement     Number of Warrants per Entitlement        
    Par Value       Company Issue Price per Warrant Expiry Date     Board Lot 
    Exercise Price                                                            
    Series 1        One Share       1       RMB1.00 China Petroleum & Chemical
    Corporation     HK$0.250        16 May 2006     2,000   HK$3.06           
    Series 2        One Share       1       HK$1.00 Sino Land Company Limited 
    HK$0.616        17 May 2006     2,000   HK$8.38                           
    Series 3        One Share       10      HK$0.25 Hutchison Whampoa Limited 
    HK$0.340        8 December 2005 10,000  HK$66.88                          
    Series 4        One Share       10      HK$0.50 Cheung Kong (Holdings)    
    Limited HK$0.313        9 December 2005 10,000  HK$68.88                  
    Series 5        One Share       10      HK$0.50 Sun Hung Kai Properties   
    Limited HK$0.358        12 December 2005        10,000  HK$72.88          
                                                                              
    Each series of the Warrants is represented by a global certificate in the 
    name of HKSCC Nominees Limited in registered form. Each Board Lot gives   
    the holder the right to receive from the Issuer upon exercise a payment of
    an amount (the "Cash Settlement Amount"), if any, in Hong Kong Dollars    
    calculated as follows: