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China Overseas achieves stable growth of property sales in August Author:China Overseas Land and Investment Ltd.

China Overseas Land and Investment Ltd (“COLI”, stock code: 00688) announced that the property sales in August amounted to HK$1.13 billion and total GFA of property sold in August reached 137,600 square meters. From January to August 2008, the total sales of properties amounted to HK$18.87 billion, an increase of 49.7% as compared to the corresponding period of last year; total GFA sold amounted to1.78 million square meters, representing an increase of 32.1% as compared to the same period of last year. Overall speaking, the sales performance for the first eight months of 2008 outperforms the same period of last year, and it meets also the company’s sales plan as set at the beginning of the year.

The real estate business in Bohai Rim Region and Hong Kong & Macau Region maintained thestrongest growth from January to August.  Sales revenue and total GFA sold in Bohai Rim Regionamounted to HK$4.47 billion and 473,000 square meters, an increase of 229.6% and 159.6% respectively as compared to the same period of year 2007. Sales revenue and GFA sold in Hong Kong & Macau Region marked an increase of 235.7% and 186.3% respectively.

Currently, COLI has a total land reserve of 25.27 million square meters, enough for meeting its requirement which is set in such a way to ensure annual profit increase of over 20% in the coming 4 -5 years.

Note: Due to the uncertainties that may occur during sales and investment activities, discrepancy may arise between figures mentioned above and those announced in the company’s regular financial reports. The above figures are for reference only.

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