The New Downtown is earmarked to be Singapore's international business and financial hub with office spaces, residential and convention amenities, shops and F&B outlets as well as arts, cultural and entertainment venues around Marina Bay.

The strategic location of this 3.55-ha site at the New Downtown opens up to prime views of Marina Bay and the proposed Central Open Space. The upcoming Integrated Resort in the vicinity will further complement this project and enhance its position as a global business and financial hub.

When completed, the development will be linked via its own underground pedestrian network to the Landmark MRT station of the Downtown Extension of the Circle Line as well as the Raffles Place MRT interchange, which serves the North-South and East-West lines. It will also add to the critical mass of three existing New Downtown projects including One Raffles Quay, a 1.3 million sf premier office development by the same partners.

Cheung Kong (Holdings) Limited is a property development and strategic investment company based in Hong Kong. It is one of the largest property developers in Hong Kong, having developed about one in twelve private residences in the territory. The company also owns a large portfolio of commercial, residential and industrial premises in Hong Kong, and is a major developer of the Central District.

In Singapore, Cheung Kong's residential property portfolio includes Costa del Sol, a prestigious east coast marine-themed  evelopment and Cairnhill Crest, an oasis of tranquility ensconced in prime district 9. In terms of commercial property, the Company developed One Raffles Quay in its first joint venture with Keppel Land and Hongkong Land in Singapore. Cheung Kong is a substantial unit holder in Fortune REIT - which holds eleven retail malls in Hong Kong and was listed on The Singapore Exchange in August 2003 - with a 27.42% stake.

Hutchison Whampoa Limited ("HWL") is a leading international corporation committed to innovation and technology with businesses spanning the globe. Its diverse array of holdings ranges from some of the world's biggest retailers to property development and infrastructure to the most technologically-advanced and marketing-savvy telecommunications operators.

HWL reports consolidated turnover of approximately HK$179 billion (US$23,000 million) for the year ended 31 December 2004. With operations in 52 countries and about 200,000 employees worldwide, Hutchison has five core businesses - ports and related services, telecommunications, property and hotels, retail and manufacturing, and energy and infrastructure. Its flagship companies include Hutchison Port Holdings, Hutchison Telecom, Hutchison Whampoa Properties, A.S. Watson, and Cheung Kong Infrastructure.

Hongkong Land is a leading property investment, management and development group with a major portfolio in Hong Kong where it owns and manages some five million sq. ft of prime office and retail space in the heart of the Central business district. Hongkong Land Limited manages these assets and the group's other property and infrastructure interests in Asia from Hong Kong by providing services to group companies.

Hongkong Land Holdings Limited is incorporated in Bermuda with its primary share listing in London. The company's shares are also listed in Singapore and Bermuda. Hongkong Land is a member of the Jardine Matheson Group.

Keppel Land is one of the largest property groups listed on the Singapore Exchange, and has a diversified portfolio in thirteen countries in Asia.

The Company's portfolio of premier properties includes office towers, residential properties, integrated developments comprising hotels, resorts and retail complexes as well as entire townships. Keppel Land is a major landlord in the Central Business District with 10 office towers featuring prominently in the city landscape.

Ms Wendy Tong Barnes

Chief Corporate Affairs Officer

Tel : (852) 2122 2150

Fax : (852) 2128 8309

Email : wendytb@ckh.com.hk

Ms Laura Cheung

General Manager - Group Corporate Affairs

Tel: (852) 2128 1289

Fax: (852) 2128 1766

Email : laurac@hwl.com.hk

Ms. Angela Yeung

Head of Communications

Tel : (852) 2842 8222

Fax : (852) 2530 4725

Email : ayeung@hkland.com

Ms Teri Liew

Senior Manager

Group Corporate Communications, Keppel Corporation Limited

Tel : (65) 6413 6425 / Mobile : 9 686 4038

Email : teri.liew@kepcorp.com