Share Buyback Notifications (SBN)

The Stock Exchange of Hong Kong Limited has received notifications from
the following companies regarding the repurchase of ordinary shares as
follows:-

                                No. of
Name of Company      Date of    Securities  Highest Price  Lowest Price
(Stock Code)         Repurchase Repurchased per Share      per Share
-------------------- ---------- ----------- -------------- --------------
HERALD HOLDINGS      19/12/2002 300,000     HKD 0.21          -          
LIMITED
 ( 114)

SINO LAND COMPANY    19/12/2002 1,200,000   HKD 2.50       HKD 2.475     
LIMITED
 (  83)

SWIRE PACIFIC        19/12/2002 873,500     HKD 30.70      HKD 30.60     
LIMITED - A SHARES
 (  19)

SWIRE PACIFIC        19/12/2002 1,400,000   HKD 5.05          -          
LIMITED - B SHARES
 (  87)

TCC INTERNATIONAL    19/12/2002 80,000      HKD 0.78       HKD 0.77      
HOLDINGS LIMITED
 (1136)

WINFOONG             19/12/2002 77,000      HKD 0.148         -          
INTERNATIONAL
LIMITED
 (  63)