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(11 May 2011) China Overseas Land and Investment Ltd (“COLI” or the “Company”, stock code: 00688) announced that the property sales in April amounted to HK$8.2 billion and the GFA sold reached 422,300 square meters, representing an increase of 68.0% and 7.4% respectively from those in April 2010. From January to April 2011, the total property sales amounted to HK$28.0 billion and the total GFA sold reached 1.8 million square meters, representing an increase of 50.3% and 31.0% respectively as compared to the same period of last year.

In April, the Western Region (Chengdu City, Chongqing City and Xi’an City) realized the strongest property sales – its sales revenue and total GFA sold amounted to HK$2.3 billion and 171,400 square meters, an increase of 38.6% and 3.9% from those in April 2010.

In the first quarter of 2011, China Overseas Grand Oceans Group Ltd. (Stock code: 00081.HK) acquired 2 new projects in Jilin City and Hefei City with an attributable GFA of 188,800.0 square meters and 399,200.0 square meters respectively. The land premium payable was 185.3 million yuan and 707.6 million yuan respectively. By the end of April 2011, the company acquired a total new land amounting to 5.8 million square meters and the attributable portion was 5.8 million square meters. Currently, the Company has a total land reserve of 41.7 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.