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Company clarification on market news reported Author:China Overseas Land and Investment Ltd.

Announcement of China Overseas Land & Investment Ltd
According to the financial news reported on 30 and 31 Oct 2007, Market Misconduct Tribunal conducted the hearing for the proceedings in relation to possible market misconduct in the listed securities of China Overseas Land & Investment Limited in 2004. The company announces that none of the previous or existing employees and board of directors is involved in the above-mentioned proceedings.

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