08:37 Hang Seng H-Share Index ETF <02828> Information HANG SENG H-SHARE INDEX ETF (STOCK CODE 2828) INFORMATION: DATE : 19-May-2005 N.A.V. PER UNIT (Note 1) $46.929296 N.A.V. PER CREATION UNIT (Note 2) $4,692,929.60 DIVIDEND EQUIVALENT AMOUNT PER UNIT (Note 3) $0.744246 DIVIDEND EQUIVALENT AMOUNT PER CREATION UNIT (Note 4) $74,424.60 BALANCING CASH AMOUNT PER CREATION UNIT (Note 5) $4,159.36 TOTAL CASH COMPONENT PER CREATION UNIT (Note 6) $78,583.96 TRUST UNITS OUTSTANDING (Note 7) 35,065,332.0 -------------------------------------------------------------------------- INDEX BASKET SHARES PER CREATION UNIT FOR: 20-May-2005 STOCK CODE NAME OF INDEX BASKET SHARE SHARE AMOUNT 0168 TSINGTAO BREW 7,318 0177 JIANGSU EXPRESS 13,650 0323 MAANSHAN IRON 19,358 0338 SHANGHAI PECHEM 26,028 0347 ANGANG NEWSTEEL 9,942 0358 JIANGXI COPPER 12,919 0386 SINOPEC CORP 187,448 0525 GUANGSHEN RAIL 15,988 0548 SHENZHENEXPRESS 8,350 0576 ZHEJIANGEXPRESS 16,017 0598 SINOTRANS 19,966 0670 CHINA EAST AIR 17,504 0694 BEIJING AIRPORT 15,037 0696 TRAVELSKY TECH 3,472 0728 CHINA TELECOM 155,019 0753 AIR CHINA 36,042 0763 ZTE 1,789 0857 PETROCHINA 196,406 0902 HUANENG POWER 34,130 0914 ANHUI CONCH 4,839 0991 DATANG POWER 15,981 1033 YIZHENG CHEM 15,639 1055 CHINA SOUTH AIR 13,116 1071 HUADIAN POWER 15,985 1128 ZHENHAI REFIN 8,085 1138 CHINA SHIP DEV 14,477 1171 YANZHOU COAL 13,673 1211 BYD COMPANY 1,670 2318 PING AN 28,582 2328 PICC P&C 38,605 2357 AVICHINA 18,764 2600 CHALCO 36,862 2628 CHINA LIFE 83,122 2698 WEIQIAO TEXTILE 3,850 2866 CSCL 27,033 2883 CHINA OILFIELD 17,145 2899 ZIJIN MINING 17,897 ESTIMATED CASH COMPONENT PER CREATION UNIT: $78,577.09 -------------------------------------------------------------------------- FOOTNOTES: 1. N.A.V. PER UNIT IS THE NET ASSET VALUE OF THE HANG SENG H-SHARE INDEX ETF DIVIDED BY THE NUMBER OF UNITS OUTSTANDING. 2. N.A.V. PER CREATION UNIT IS THE NET ASSET VALUE PER UNIT TIMES THE NUMBER OF UNITS IN A CREATION UNIT. 3. DIVIDEND EQUIVALENT AMOUNT PER UNIT IS A CASH AMOUNT REQUIRED TO BE PAID PER UNIT NECESSARY TO COVER NET UNDISTRIBUTED DIVIDENDS AND OTHER INCOME AMOUNTS RECEIVED AND HELD BY THE TRUST. 4. DIVIDEND EQUIVALENT AMOUNT PER CREATION UNIT IS THE DIVIDEND EQUIVALENT AMOUNT PER UNIT TIMES THE NUMBER OF UNITS IN A CREATION UNIT. 5. BALANCING CASH AMOUNT PER CREATION UNIT IS A FURTHER CASH AMOUNT REQUIRED TO BE PAID OR RECEIVED PER UNIT, WHICH EQUALS THE DIFFERENCE BETWEEN THE AGGREGATE OF (I) THE VALUE (CALCULATED ON A NOMINAL CLOSING PRICE BASIS) OF THE INDEX SHARES THE SUBJECT OF THE BASKET APPLICATION ON A PER UNIT BASIS AND (II) THE DIVIDEND EQUIVALENT AMOUNT PER UNIT AND THE PREVAILING NET ASSET VALUE PER UNIT (ALL SUCH VALUATIONS BEING AT THE VALUATION POINT ON THE RELEVANT DEALING DAY) MULTIPLIED BY THE NUMBER OF UNITS IN A CREATION UNIT. 6. TOTAL CASH COMPONENT PER CREATION UNIT IS THE AGGREGATE OF DIVIDEND EQUIVALENT AMOUNT PER CREATION UNIT, BALANCING CASH AMOUNT PER CREATION UNIT AND CASH IN LIEU OF ANY INDEX SHARES. 7. TRUST UNITS OUTSTANDING IS THE TOTAL UNITS IN ISSUE AND DEEMED TO BE IN ISSUE (PRIOR TO ANY CURRENT DAY TRANSACTION). -------------------------------------------------------------------------- The data and information are provided for reference only. Neither HSBC Provident Fund Trustee (Hong Kong) Limited nor Hang Seng Investment Management Limited warrants, represents or guarantees the accuracy or completeness of the such data and information and accepts any responsibility or liability for any economic or other loss which may be directly or indirectly sustained by any person as a result of or in connection with the use of and/or reference to such data and information.