CHI EST B1004<02516> - New Listing

Market participants are requested to note that dealings in the Zero  
Coupon Convertible Bonds due 2010 issued by Chinese Estates Holdings 
Limited will commence at 9:30 a.m. on Thursday, 21/04/2005 under the 
following particulars:-

Stock Code  Stock Short Name     Denomination      Trading Currency
----------  ----------------     ------------      ----------------
2516        CHI EST B1004        HKD 10,000        HKD
                                 or 100 units