08:53     DB-SHK P@EP0512<04973> - New Listing                                

    Market participants are requested to note that dealings in the            
    2005 European Style (Cash Settled) Put Warrants relating to               
    existing issued ordinary shares of HK$0.50 each of Sun Hung Kai           
    Properties Limited issued by Deutsche Bank AG will commence at            
    9:30 a.m. today (26/05/2005) under the following                          
    particulars:-                                                             
                                                                              
    Stock Code      Stock Short Name        Board Lot                         
    ----------      ----------------        ---------                         
    4973            DB-SHK P@EP0512         10,000 units