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China Overseas Land and Investment Ltd Announces New Land Acquisitions for October 2009 Author:China Overseas Land and Investment Ltd.

(2November 2009) China Overseas Land and Investment Ltd (“COLI” or the “Company”, stock code: 00688) announced that new land acquisitions in Foshan City, Chongqing City, Shenyang City and Changchun City in October 2009. The total newly acquired GFA reached 5.23 million square meters. The total land premium payable was 10.8 billion yuan. According to the payment terms, the company is requested to pay 42.0%, 37.8%, 14.4% and 5.8% of the above total in the years of 2009, 2010, 2011 and 2012 respectively.

Foshan Nanhai West of Qiandeng Lake Project is located in No.61 and No.62 Guicheng Street, Nanhai District, Qiandeng Lake area in the heart of Guangzhou-Foshan Recreational Business District, Foshan City. The total salable GFA was 788,000 square meters. The company plans to develop it into an exquisite high-rise residential project. The company owns 100% of this project. The land premium payable was 3.82 billion yuan.

Chongqing Jiangbei City Project is located in the Northern and Middle parts of Central Business District of Chongqing City and the intersection of Yangtze River and Jialing River neighboring the Science and Technology Museum, the Grand Theater and three Theme Parks. The location is unique. The total salable GFA was 1.55 million square meters. The company plans to develop it into a high-end residential project. The company owns 50% of this project. The land premium payable was 2.05 billion yuan.

Shenyang Holland Village Project is located in Block 01 and 02 of Holland Village, Yuhong District, Shenyang City. To the south it connects Baishan Road of the second ring, to the north it neighbors the third ring. The project enjoys sound infrastructure, convenient transportation network and scenic views, therefore, the project is full of high appreciation potential. The total salable GFA is 3.18 million square meters. The company plans to develop it into a high-end residential project. The company owns 100% of the project. The land premiums payable was 3.51 billion yuan.

Changchun Changling Project is located to the East of the Linhe Street, the North of Nanhu road, the West of Jinchuan Street and the south of Kunshan Street in the Economic and Technological Development Zone Area in the core area of Changchun City. The total salable GFA was 487,000 square meters. The company plans to develop it into an exquisite low-rise and high-rise residential project. The company owns 100% of the project. The land premium payable was 1.46 billion yuan.

By the end of October 2009, the total new land acquisitions amounted to 9.37 million square meters and the attributable portion was 8.40 million square meters.

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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