TRACK RECORD OF HANG SENG INDEX MARKET ALERTS For Year 2004 updated Jan 8, 2005 Buy Index Sell Index Points % Gain Points % Gain Cumulat. Cumulative Date Value Date Value Gained for Gained for Gain % Investment Gain for Buying for Selling Buying Selling Investment sum = US$10,000 10000 Dec 31,03 12636 Jan 13 13412 776 6.14 159 10,614 6.141 1.19 1.19 10,740 1.186 Jan 19 13253 Jan 28 13654 401 3.03 378 4.21 11,065 3.026 2.77 6.98 11,371 2.768 Jan 29 13276 Feb 2 13230 -46 -0.35 255 6.63 11,332 -0.35 1.93 8.56 11,550 1.927 Feb 3 12975 Feb 4 13038 63 0.49 -10 9.05 11,606 0.486 -0.08 8.97 11,597 -0.08 Feb 5 13048 Feb 10 13554 506 3.88 -16 12.85 12,047 3.878 -0.12 12.73 12,033 -0.12 Feb 11 13570 Feb 11 13560 -10 -0.07 -44 12.66 12,024 -0.07 -0.32 12.33 11,985 -0.32 Feb 13 13604 Feb 18 13926 322 2.37 344 14.70 12,269 2.367 2.47 17.17 12,572 2.47 Feb 26 13582 Mar 1 13815 233 1.72 461 18.88 12,787 1.716 3.34 22.22 13,214 3.337 Mar 5 13354 Mar 8 13519 165 1.24 770 23.46 13,377 1.236 5.70 29.15 14,139 5.696 Mar 12 12749 Mar 15 12802 53 0.42 49 29.57 14,198 0.416 0.38 29.95 14,253 0.383 Mar 16 12753 Mar 18 12980 227 1.78 435 31.73 14,506 1.78 3.35 35.08 14,992 3.351 Mar 23 12545 Mar 25 12603 58 0.46 146 35.54 15,062 0.462 1.16 36.70 15,236 1.158 Mar 29 12457 Mar 31 12601 144 1.16 5 37.86 15,412 1.156 0.04 37.90 15,418 0.04 Apr 1 12596 Apr 7 12949 353 2.80 -16 40.70 15,851 2.802 -0.12 40.58 15,831 -0.12 Apr 13 12965 Apr 14 12913 -52 -0.40 484 40.18 15,767 -0.4 3.75 43.92 16,358 3.748 Apr 19 12429 Apr 20 12399 -30 -0.24 134 43.68 16,319 -0.24 1.08 44.76 16,495 1.081 Apr 23 12265 Apr 26 12305 40 0.33 160 45.09 16,549 0.326 1.30 46.39 16,764 1.3 Apr 27 12145 Apr 28 12170 25 0.21 370 46.60 16,799 0.206 3.04 49.64 17,310 3.04 Apr 30 11800 May 6 11884 84 0.71 523 50.35 17,433 0.712 4.40 54.75 18,200 4.401 May 11 11361 May 12 11414 53 0.47 396 55.22 18,285 0.467 3.47 58.68 18,919 3.469 May 18 11018 Jun 3 12195 1177 10.68 228 69.37 20,940 10.68 1.87 71.24 21,332 1.87 Jun 4 11967 Jun 8 12350 383 3.20 490 74.44 22,014 3.2 3.97 78.41 22,888 3.968 Jun 21 11860 Jun 29 12167 307 2.59 -29 80.99 23,480 2.589 -0.24 80.76 23,424 -0.24 Jun 30 12196 Jul 8 12340 144 1.18 231 81.94 23,701 1.181 1.87 83.81 24,145 1.872 Jul 16 12109 Jul 22 12310 201 1.66 116 85.47 24,545 1.66 0.94 86.41 24,777 0.942 Aug 2 12194 Aug 3 12271 77 0.63 83 87.04 24,933 0.631 0.68 87.72 25,102 0.676 Aug 4 12188 Aug 6 12423 235 1.93 79 89.65 25,586 1.928 0.64 90.28 25,749 0.636 Aug 12 12344 Aug 13 12279 -65 -0.53 64 89.76 25,613 -0.53 0.52 90.28 25,746 0.521 Aug 17 12215 Sep 2 12995 780 6.39 5 96.66 27,391 6.386 0.04 96.70 27,401 0.038 Sep 6 12990 Sep 14 13141 151 1.16 18 97.86 27,720 1.162 0.14 98.00 27,758 0.137 Sep 16 13123 Sep 22 13263 140 1.07 278 99.07 28,054 1.067 2.10 101.16 28,642 2.096 Sep 30 12985 Oct 6 13402 417 3.21 614 104.37 29,562 3.211 4.58 108.96 30,916 4.581 Oct 25 12788 Nov 15 13909 1121 8.77 220 117.72 33,626 8.766 1.58 119.30 34,158 1.582 Nov 22 13689 Nov 24 14020 331 2.42 20 121.72 34,984 2.418 0.14 121.86 35,034 0.143 Nov 29 14000 Dec 2 14300 300 2.14 427 124.01 35,784 2.143 2.99 126.99 36,853 2.986 Dec 13 13873 Dec 23 14205 332 2.39 12 129.39 37,735 2.393 0.08 129.47 37,767 0.084 Dec 28 14193 Dec 30 14268 75 0.53 130.00 37,966 0.528 0 Totals 3163 24.40 3534 26.50 50.90 Total Index Points Gained This Year : 6697 Points Total % Gained This Year : 50.9 % Cumulative Index Points Gained This Yr 6697 Points Total % Gained This Year : 51 % 37,966 0.67 146.53 44,669 0.67 Feb 24 13946 Feb 28 14100 154 1.10 412 147.64 45,162 1.104 2.92 150.56 46,482 2.922 Mar 8 13688 Mar 9 13819 131 0.96 79 151.51 46,927 0.957 0.57 152.09 47,195 0.572 Mar 10 13740 Mar 22 13790 50 0.36 236 152.45 47,367 0.364 1.71 154.16 48,178 1.711 Mar 24 13554 Mar 29 13520 -34 -0.25 100 153.91 48,057 -0.25 0.74 154.65 48,412 0.74 Mar 30 13420 Totals 3163 24.40 3534 26.50 50.90 Total Index Points Gained This Year : 6697 Points Total % Gained This Year : 50.9 % Cumulative Index Points Gained This Yr : 6697 Points Total % Gained This Year : 51 % Performance of last transaction when marked to market: Total Index Points Gained : 255 Points Total % Gained : 1.9 % 49,332 1.9