The Hong Kong and China Gas Company Limited AGM 2004

Company:	The Hong Kong and China Gas Company Limited (HKCG)
Stock code:	0003
Date of meeting:	5-May-04
Time of meeting:	12:00
Advice date:	22-Apr-04
Notice of Meeting:	Click here
Proxy form:	Click here
Voting method:	Webb-site.com will require a poll, all proxies will be counted

Note to journalists:
We have up to 4 proxy seats available inside this AGM. Please contact us if you want one.

Item	Description	Vote
1	Receive the annual report	FOR
2	Declare a final dividend	FOR
3.1	Re-elect Colin Lam Ko-yin	FOR
3.2	Re-elect Lee Ka Shing	FOR
4	Re-appoint PriceWaterhouseCoopers	FOR
5	Approve each Director's fee at HK$130k p.a. and twice that for the Chairman	FOR
6.1	Mandate the Directors to repurchase shares	FOR
6.2	Mandate the Directors to issue 20% additional shares	AGAINST
6.3	Extend the issue mandate granted by 6.2 to include shares repurchased under 6.1	AGAINST
6.4	Amend the Articles of Association	FOR

Reasons AGAINST

Items 6.2 and 6.3

Webb-site.com urges all investors to vote against the general mandate for all listed companies, for the reasons explained in our article Project Vampire (Vote Against Mandate for Placings, Issues by Rights Excepted), unless a company complies with the recommendations in that article.

What you are being asked to do is give up your rights, known as pre-emptive rights, to be offered new shares if the board chooses to issue them for cash. The mandate would allow the board to issue new shares for cash, up to a maximum of 20% of the existing shares, without offering them to existing shareholders first, and at discounts of up to 20%. Don't give up your rights - vote against.

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Voting recommendations

Reasons AGAINST

Items 6.2 and 6.3