With reference to our announcement dated 23 July on the proposed acquisition by China Aviation Oil (SIngapore) Corporation Ltd of the 33% interest in Shanghai Pudong International Airport Aviation Fuel Supply Corporation, we wish to highlight a typographical error on the unit of measurement used in the table shown under section 8 of the announcement, with the heading "Interests of Directors and Substantial Shareholders".

For avoidance of doubt, the correct table showing the current total for the current financial year ending 31 December 2002 of all transactions with CAOSC or its associates and other Interested Persons (apart from CAOSC or its associates) is reproduced below.