Hong Kong Futures Exchange Ltd (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), adjusts the margin rate of Taiwan Semiconductor Manufacturing Co Ltd as a result of the company announced a 10% stock dividend on 5 June 2002 with the ex-dividend date on 19 June 2002. The minimum margins to be collected by an Exchange Participants from its clients in respect of their dealings in Taiwan Semiconductor Manufacturing Co Ltd contracts will be adjusted with effect from the commencement of trading on Wednesday, 19 June 2002, and outlined in the table below. The margin adjustments are based on the clearing company's normal procedures and standard margining methodology.