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© SG Securities (HK) Limited, 2008. This document has been prepared by SG Securities (HK) Limited. The information contained in this document, its contents including indicative terms are provided for information purposes only and do not constitute an offer, a solicitation of an offer or invitation, advertisement, inducement, representation of any kind or form whatsoever or any advice or recommendation to buy or sell any securities referred to herein (whether on the indicative terms or otherwise). Members of the SG Group, their affiliates and their directors and employees may from time to time have a position (on a principal basis or otherwise) in the securities mentioned herein. Members of the SG Group, their affiliates may also make markets in the securities or derivatives to any company or issuer mentioned herein, or provide services to any company and affiliates of such companies whose securities are mentioned herein. The information herein (including any expression of opinion or forecast) is provided in good faith and has been obtained and derived from sources believed to be reliable and accurate at the date indicated. However, we have not verified all the information and we do not represent that it is accurate or complete for your purpose and it should not be relied upon as such. We may not, and have no obligation to, update the information or correct any inaccuracy which subsequently becomes apparent. Opinions, estimates and other information contained herein may be changed or withdrawn without prior notice. The terms and conditions of the warrants must be read in conjunction with the Base Listing Document and the relevant Supplemental Listing Document. Copies of the Base Listing Document (which contains financial and other information relating to the Issuer and the Guarantor) and any addenda thereto, a Chinese translation of the Base Listing Document and any addenda thereto, the relevant Supplemental Listing Document (which contains details of the relevant Warrants) and its Chinese translation may be obtained during usual business hours on any weekday (Saturdays, Sundays and holiday excepted) at the offices of SG Securities (HK) Limited, currently at Level 38, Three Pacific Place, 1 Queen's Road East, Hong Kong or may be downloaded from this website. Information relating to the Guarantor can also be found at the Guarantor's corporate website www.socgen.com.

The price of the warrants may go down as well as up, and under certain circumstances an investor may sustain a total loss of their investment. Also, for listed warrants, the issuer of the warrants may sometimes be the only person quoting prices on the relevant stock exchange. An investor should make an appraisal of the risks involved in investing in these products and should consult their own legal, financial, tax, accounting and other professional advisors, to ensure that any decision made is suitable with regards to that investor's circumstances and financial position.

SG Securities (HK) Limited is the liquidity provider of SG issued warrants mentioned above.