10:07     KBC - Daily Trading Summary of Derivative Warrants (5)              

    The Stock Exchange of Hong Kong Limited received notifications            
    regarding the daily trading summary of derivative warrants as follows:-   
                                                                              
    Trade Date - 23052005                                                     
                                                                              
                                           Average                  Percent   
                              Number      (HK$) per                of Issue   
                                of         Warrant     Number of     Still    
    Stock           Stock    Warrants       Bought   Warrants Still  out in   
    Short Name       Code  Bought/(Sold)   /(Sold)   out in Market   Market   
    ---------------  ----  -------------  ---------  -------------- --------  
    KC-HWL  @XC0510  9705              0     0.0000         760,000    0.32%  
    KC-HWL  @XC0510  9705              0     0.0000         760,000    0.32%  
    KC-PCCWL@XC0510  9755      (300,000)   (0.0780)      89,611,000   75.94%  
    KC-PCCWL@XC0510  9755              0     0.0000      89,611,000   75.94%