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(5 November 2009) China Overseas Land and Investment Ltd (“COLI” or the “Company”, stock code: 00688) announced that the property sales in October amounted to HK$4.0 billion and the GFA sold reached 355,000 square meters, representing an increase of 98.4% and 63.2% respectively from those in October 2008. From January to October 2009, the total property sales amounted to HK$42.5 billion and the total GFA sold reached 4,357,000 square meters, representing an increase of 86.2% and 96.8% respectively as compared to the same period of last year. The Company has already fulfilled the whole year property sales target which had revised up to 4.3 million square meters.

By the end of September the pan-Bohai Rim realized the strongest property sales –its sales revenue and total GFA sold amounted to HK$11.7 billion and 1,286,700 square meters, an increase of 111.8% and 118.8% respectively as compared to the same period of year 2008. Other Regions also achieved very strong sales growth.

In October 2009, the Company acquired four new projects in Foshan, Chongqing, Shenyang and Changchun City. The total attributable GFA newly acquired reached 5.23 million square meters. The total land premium payable was 10.8 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.Currently, the Company has a total land reserve of 32.38 million square meters and the total attributable GFA reached 28.90 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.