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(5 June2009) China Overseas Land and Investment Ltd (“COLI” or the “Company” , stock code: 00688) announced that the property sales in May amounted to HK$5.65  billion and the total GFA of property sold reached 583,400 square meters, representing an increase of 113.9% and 120.9% respectively from those in May 2008. From January to May 2009, the total property sales amounted to HK$20.3 billion and the total GFA sold reached 2.16 million square meters, representing an increase of 80.1% and 110.4% respectively as compared to the same period of last year.

By the end of May, the Pearl River Delta Region realized the strongest property sales – its sales revenue and total GFA sold amounted to HK$6,445 million and 708,000 square meters, an increase of 107.2% and 136.4% respectively as compared to the same period of year 2008. The Yangtze River Delta Region recorded strong percentage growth – its sales revenue and total GFA sold amounted to HK$5,739 million and 498,200 square meters, an increase of 112.9% and 161.7% respectively as compared to the same period of year 2008. The Western Region also achieved very strong sales growth.

No new land was acquired in May 2009. Currently, the Company has a total land reserve of 24.8 million square meters, which is sufficient to meet the requirement of the Company’s development in the coming 4 -5 years.

Note:    In view of the uncertainties involved in investment and sales process, there may exist discrepancies between the above figures and those disclosed in our regular reports. As such, the above is only for reference purpose.