The Hong Kong Option Index is a broad-market index that measures the composite price performance of 30 stocks actively traded on The Stock Exchange of Hong Kong Ltd. (HKSE) and is designed to reflect the movement of the Hong Kong stock market as a whole. The Index is capitalization-weighted (share price in Hong Kong dollars multiplied by shares outstanding). The Hong Kong Option Index is based on a percentage value of the Amex Hong Kong 30 Index" that was established on June 25, 1993, with a benchmark value of 350.00.

Denominated in U.S. dollars, the Hong Kong Option Index is calculated once each New York business day based on the most recent official closing price of each of the component stocks as reported by the HKSE and is disseminated before the opening of trading. For valuation purposes, one Hong Kong Option Index unit (1.0) is assigned a fixed value of one U.S. dollar ($ 1.00).

Index Components for Hong Kong option Index

Amoy Properties

Bank of East Asia Limited

Cathay Pacific Airways Limited

Cheung Kong Holdings Limited

China Light and Power Company Limited

C TIC Pacific Limited

Dairy Farm International Holdings Limited

Dickson Concepts International Limited

Great Eagle Holdings Limited

Hang Lung Development Company Limited

Hang Seng Bank Limited

Henderson Investment Limited

Henderson Land Development Company L'Irmited

Hong Kong and China Gas Company Limiied

Hong Kong and Shanghai Hotels Limited

Hong Kong Electric Holdings Limited

Hong Kong Land Holdings Limited

Hong Kong Telecommunications Limited

Hopewell Holdings Limited

HSBC Holdings plc (H.K. S shares) Hutchison Whampoa Limited [11

Hysan Development Company Limited

Jardine Matheson Holdings Limited

Jardine Strategic Holdings Limited

New World Development Company Limited

Sun Hung Kai Properties Limited

Swire Pacific Limited (A shares)

Tai Cheung Holdings Limited Wharf Holdings Limited

Wheelock and Company Limited