China Southern Moving Express Mail From Belgium to Shanghai; China's Largest Airline Expands to Five Weekly Europe/China 747-400 Cargo Flights.

Business Editors/Travel Writers

LEIGE, Belgium--(BUSINESS WIRE)--April 21, 2003

China Southern Airlines (NYSE:ZNH) (HKSE:1055), the largest airline in The People's Republic of China, is pleased to announce that it has expanded its 747-400 European cargo flights to five times weekly and has now started carrying express mail to Shanghai.

Originally beginning European/Sino cargo service with two weekly flights in 2002, China Southern Airlines now operates Boeing 747-400 freighter service every Monday, Wednesday and Friday from Liege, Belgium to Shanghai with continuing cargo service to Shenzhen.

China Southern Airlines also operates direct 747-400 cargo service every Thursday and Sunday from Liege to Shanghai.

All flights use China Southern Airlines' new Boeing 747-400 cargo aircraft and are operated under code-share agreement with TNT Airways.

China Southern Airlines is also moving TNT Express mail to Shanghai every Sunday and Thursday.

In combination with its wide body Boeing 777 services from Amsterdam to Beijing and Guangzhou, China Southern Airlines now offers eight weekly "belly" and direct 747-400 cargo flights from Europe to China.

"China Southern Airlines is seizing the new business opportunities brought about by China's entry in the World Trade Organization and is implementing this aggressive strategy to expand its global cargo reach. We've created an all-new Cargo Department to specialize in cargo business management and substantial cargo bases are operational in both Guangzhou and Shenzhen," said Mr. Li Kun, Vice President, China Southern Airlines.

He added that China Southern Airlines has been constantly strengthening its cooperation with domestic and International carriers to retain its core business and expand its global cargo network. In June 2002, China Southern Airlines inked an official agreement with China State Post Bureau to jointly operate China Postal Airlines ... with China Southern holding 49% of the joint venture at an investment of RMB 150M.

The largest airline in The People's Republic of China for the past 23 years, China Southern Airlines (www.cs-air.com/en) connects more than 80 cities around the globe. Major business and vacation destinations served in China include: Beijing, Chengdu, Guangzhou, Guilin, Hong Kong, Kunming, Shanghai, Shenzhen and Wuhan, as well as international service, including: Amsterdam, Bangkok, Fukuoka, Hanoi, Ho Chi Minh City, Islamabad, Kuala Lumpur, Jakarta, Los Angeles, Manila, Melbourne, Moscow, Osaka, Penang, Phnom Penh, Seoul, Singapore, Sydney and Tokyo.