10:53 <03667>, <03652> & <03666> - Announcement (1) 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. Notice of Expiry relating to certain European Style (Cash Settlement) Warrants 2004/2005 issued by SGA Societe Generale Acceptance N.V. (incorporated in the Netherlands Antilles with limited liability) and unconditionally and irrevocably guaranteed by Societe Generale (incorporated in France) Notice of Expiry relating to the following warrants (together, the "Warrants"): Stock Code 3667 Company Swire Pacific Limited Shares Existing issued ordinary shares of HK$0.60 each of the Company Type Call Issue Size 250,000,000 Expiry Date 14 June 2005 Exercise Price HK$66.88 per 10 warrants Board Lot 5,000 Exercise Amount 10 Warrants Entitlement 1 Share Last Trading Date 08 June 2005 Closing Price of the Warrants on 24 May 2005 HK$0.069 Closing Price of the Shares on 24 May 2005 HK$64.25 In/Out of the Money on 24 May 2005 (based on the Exercise Price ) 3.93% Out of the Money Stock Code 3652 Company Cheung Kong (Holdings) Limited Shares Existing issued ordinary shares of HK$0.50 each of the Company Type Put Issue Size 208,000,000 Expiry Date 10 June 2005 Exercise Price HK$72.18 per 10 warrants Board Lot 10,000 Exercise Amount 10 Warrants Entitlement 1 Share Last Trading Date 06 June 2005 Closing Price of the Warrants on 24 May 2005 HK$0.237 Closing Price of the Shares on 24 May 2005 HK$70.00 In/Out of the Money on 24 May 2005 (based on the Exercise Price ) 3.02% In the Money Stock Code 3666 Company Sun Hung Kai Properties Limited Shares Existing issued ordinary shares of HK$0.50 each of the Company Type Put Issue Size 175,000,000 Expiry Date 14 June 2005 Exercise Price HK$76.88 per 10 warrants Board Lot 10,000 Exercise Amount 10 Warrants Entitlement 1 Share Last Trading Date 08 June 2005 Closing Price of the Warrants on 24 May 2005 HK$0.37 Closing Price of the Shares on 24 May 2005 HK$73.50 In/Out of the Money on 24 May 2005 (based on the Exercise Price ) 4.40% In the Money SGA Societe Generale Acceptance N.V. (the "Issuer") would like to remind holders of the Warrants (the "Warrantholders") that under the terms and conditions of the Warrants (the "Conditions"), the rights to exercise the Warrants will expire at 10.00 a.m. (Hong Kong time) on the Expiry Date. Any Warrants which have not been exercised on or before such time will lapse and the permanent global certificate in respect of the Warrants will expire immediately thereafter and all rights of the Warrantholder with respect to such Warrants shall cease. The Warrants must be exercised in a Board Lot or integral multiples thereof. The Warrants are European Style and exercisable only on the Expiry Date. The Warrants are in global registered form. No registrar has been appointed and no register of Warrantholders is maintained in respect of the Warrants.