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China Overseas Land and Investment Ltd maintains stable growth of property sales in November Author:China Overseas Land and Investment Ltd.

China Overseas Land and Investment Ltd (“COLI” or the “Company”, stock code: 00688) announced thatthe property sales in November amounted to HK$2.26 billion and the total GFA of property sold reached 275,900 square meters, representing an increase of 37.4.% and 97.5% respectively from those in November 2007. The figures also represent an increase of 11.7% and 26.9% respectively from those in October 2008. From January to November 2008, the total sales of properties amounted to HK$25.08billion, an increase of 34.3% as compared to the corresponding period of last year; and the total GFA sold amounted to 2.49 million square meters, representing an increase of 30.2% as compared to the same period of last year. Overall speaking, the property sales for the first eleven 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 & the North Region and Western Region continued to maintainthe strongest growth from January to November in mainland China.  Sales revenue and total GFA sold in Bohai Rim & the North Region amounted to HK$5.72 billion and 620,400 square meters, an increase of171% and 133.3% respectively as compared to the same period of year 2007. Sales revenue and GFA sold in Western Region amounted to HK$5.3 billion and 720,700 square meters, an increase of 44.2% and 41.5% respectively as compared to the same period of year 2007.

The Company added a total of 2.8 million square meters new land reserve as of today in 2008.Currently, the Company has a total land reserve of 25.27 million square meters, which is sufficient to meet the requirement of the Company’s development in the coming 4 -5 years.

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

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