TRACK RECORD OF HONG KONG HSI MARKET ALERTS Fourth Quarter 2000 updated Jan 2, 2001 Buy Index Sell Index Points % Gain Points % Gain Cumulat. Date Value Date Value Gained for Gained for Gain % for Buying for Selling Buying Selling Bf last quarter : 27623 170.00 170.00 Sept 26 15245 36 0.24 170.24 Sept 27 15209 Oct 9 15955 746 4.90 1265 175.14 7.93 183.07 Oct 13 14690 Oct 16 15097 407 2.77 777 185.84 5.15 190.99 Oct 19 14320 Oct 24 15013 693 4.84 -147 195.83 -0.98 194.85 Oct 31 15160 Nov 7 15660 500 3.30 -273 198.15 -1.74 196.40 Nov 8 15933 Nov 8 15998 65 0.41 1117 196.81 6.98 203.79 Nov 13 14881 Nov 15 15195 314 2.11 25 205.90 0.16 206.07 Nov 16 15170 Nov 17 15140 -30 -0.20 650 205.87 4.29 210.16 Nov 23 14490 Nov 27 14620 130 0.90 30 211.06 0.21 211.26 Nov 28 14590 Nov 29 14358 -232 -1.59 208 209.67 1.45 211.12 Dec 1 14150 Dec 6 15167 1017 7.19 -123 218.31 -0.81 217.50 Dec 8 15290 Dec 12 15446 156 1.02 -84 218.52 -0.54 217.98 Dec 13 15530 Dec 14 15545 15 0.10 525 218.07 3.38 221.45 Dec 18 15020 Dec 20 14954 -66 -0.44 309 221.01 2.07 223.08 Dec 21 14645 Dec 27 14911 266 1.82 81 224.89 0.54 225.44 Dec 28 14830 Jan 2 15019 189 1.27 226.71 Totals 31793 198.40 4396 28.31 226.71 Total Index Points Gained This Quarter : 8530 Points Total % Gained This Quarter : 56 % Cumulative Index Points Gained This Year 36189 Points Total % Gained This Year : 227 % 238.57 Totals 32817 205.34 5147 33.23 238.57 Total Index Points Gained This Quarter : 10305 Points Total % Gained This Quarter : 68 % Cumulative Index Points Gained This Year 37964 Points Total % Gained This Year : 239 % Performance of last transaction when marked to market: Total Index Points Gained : 639 Points Total % Gained : 4.2 %