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China Overseas Land and Investment Ltd Announces Property Sales Results for August 2009 Author:China Overseas Land and Investment Ltd.

(10 September 2009) China Overseas Land and Investment Ltd (“COLI” or the “Company”, stock code: 00688) announced that the property sales in August amounted to HK$3.6 billion and the total GFA of property sold reached 366,600 square meters, representing an increase of 218.8% and 166.4% respectively from those in August 2008. From January to August 2009, the total property sales amounted to HK$34.0 billion and the total GFA sold reached 3,615,200 square meters, representing an increase of 80.0% and 103.2% respectively as compared to the same period of last year.

By the end of August the Pearl River Delta Region realized the strongest property sales – its sales revenue and total GFA sold amounted to HK$9.5 billion and 1,008,400 square meters, an increase of 90.77% and 114.69% respectively as compared to the same period of year 2008. The Yangtze River Delta Region recorded strongest percentage growth in GFA sold – its sales revenue and total GFA sold amounted to HK$8.8 billion and 725,700 square meters, an increase of 84.74% and 119.58% respectively as compared to the same period of year 2008. The Western Region and the pan-Bohai Rim also achieved very strong sales growth.

In 2009, the company newly acquired 2,971,000 square meters of land in Jinan City, Qingdao City and Chengdu City, with a GFA of 2,628,000 square meters, 161,000 square meters and 180,000 square meters respectively. Currently, the Company has a total land reserve of 25.98 million square meters, which is sufficient to meet the requirement of the Company’s development in the coming 4 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.

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