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S&P Emerging Markets Database Index Announcement: China – COFCO International Share Increase And IWF Change (Eff. 05/06/2004)- China – China Overseas Land & Investment Share Increase And IWF Change (Eff. 05/06/2004)- China – BOE Technology Share Increase

Date 22/04/2004

China – COFCO International Share Increase and IWF Change (Eff. 05/06/2004)

S&P/EMDB will increase the number of shares outstanding for COFCO International Ltd. (EMDB Code 520175.1 / SEDOL 6105738), a constituent of the S&P/IFCI and S&P/IFCG China Indices, by 161.7840 million via a new issue effective May 6, 2004. The increased number of shares outstanding reflects the amount of options exercised and the company’s convertible notes converted to common shares. The IWF for the stock will simultaneously be increased to 0.3963 from 0.3278 to reflect the updated percentage of stake held by Wide Smart Holdings Ltd. If the above share increase and IWF change had occurred on April 21, 2004, the weight of COFCO International in the S&P/IFCI China Index would have increased to 0.44% from 0.33%.

China – China Overseas Land & Investment Share Increase and IWF Change (Eff. 05/06/2004)

S&P/EMDB will increase the number of shares outstanding for China Overseas Land & Investment Ltd. (EMDB Code 520157.1 / SEDOL 6192150), a constituent of the S&P/IFCI and S&P/IFCG China Indices, by 850 million via a new issue effective May 6, 2004. The IWF of the stock will simultaneously be increased to 0.4994 from 0.4153 to reflect the updated percentage of stake held by China Overseas Holdings Ltd., the company’s controlling shareholder. The share increase and IWF change resulted from the sale of 850 million existing shares held by China Overseas Holdings Ltd and its subsequent subscription to the same amount of new shares in China Overseas Land & Investment. If the above share increase and IWF change had occurred on April 21, 2004, the weight of China Overseas Land & Investment in the S&P/IFCI China Index would have increased to 0.83% from 0.6%.

China – BOE Technology Share Increase and IWF Change (Eff. 05/06/2004)

S&P/EMDB will increase the number of shares outstanding for BOE Technology Group Co Ltd. (EMDB Code 520118.1 / SEDOL 6001096), a constituent of the S&P/IFCI and S&P/IFCG China Indices, by 316.4 million via a new issue effective May 6, 2004 following the recent share sale to overseas institutional investors. The IWF of the stock will simultaneously be decreased to 0.8790 from 1.000 to reflect the percentage of stake held by Fields Pacific Ltd. If the above share increase and IWF change had occurred on April 21, 2004, the weight of BOE Technology in the S&P/IFCI China Index would have increased to 0.61% from 0.25%.