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(31 May 2011) China Overseas Land & Investment Ltd (“COLI” or the “Company”, stock code: 00688) announced the signing of a five-year HK$6.2 billion syndicated loan with eleven famous banks. A signing ceremony was held today. Mr. Hao Jianmin, Vice Chairman and Chief Executive Officer and Mr. Xiao Xiao, Vice Chairman of the Company attended the ceremony.

The syndicated credit is jointly offered by eleven banks including The Bank of China (Hong Kong) Limited, Bank of Communications Co. Ltd, Hong Kong Branch, HSBC, Hang Seng Bank Limited, China Construction Bank, Hong Kong Branch, DBS Bank Limited, Hong Kong Branch, SPD Bank, Crédit Agricole Corporate & Investment Bank, The Bank of East Asia, Limited, BNP Paribas Hong Kong Branch and United Overseas Bank Ltd, Hong Kong Branch. The original targeted amount of the syndicated loan was HK$5 billion. Due to the positive response and support from the banks, eventually the amount of loan was increased to HK$6.2 billion. The proceeds will be mainly used for repaying some of the existing loans and for the property development of the Group.

The liquidity of the Hong Kong financial market has been tight recently but the club loan is successfully completed within a short period of time. The board of directors of COLI would like to express its sincere appreciation to the participating banks for their continued support.