Chengdu Daci Temple Cultural and Commercial Complex Launching Ceremony

Swire Properties ("SPL") and Sino-Ocean Land ("SOL") announced today the launching of their Chengdu Daci Temple Cultural and Commercial Complex. A launching ceremony was held this morning in the project's marketing showsuite and at which Zhang Yusong, Vice Secretary of Communist Party Committee and Mayor of Chengdu Jinjiang District, Li Ming, Chief Executive and Chairman of Sino-Ocean Land Holdings Limited and Martin Cubbon, Chief Executive of Swire Properties Limited officiated.

Located in the Hailrun Complex on Lower Dongda Street in Chengdu, the marketing showsuite offers visitors a comprehensive preview of the 250,000*-sqm mixed-use commercial project as well as a bird-eye view of the project site. Scheduled for a phased opening from 2014 onwards, the Daci Temple Cultural and Commercial Complex comprises a 100,000-sqm open plan retail centre offering 300 retail and dining outlets, a 100-room urban intriguing hotel managed by Swire Hotels, serviced apartments as well as a Grade A office tower, Pinnacle One.

"We are delighted to have the opportunity to develop the Daci Temple Cultural & Commercial Complex in this prime location in Jinjiang District and Chengdu CBD," said Cubbon. "Our project recognises and preserves the significance of the Daci Temple and its surrounding heritage buildings for the people of Chengdu; I am confident that together with our strategic partner, Sino-Ocean Land, we have created a concept and design that will embrace the architectural, historical and cultural values of the site while bringing to the city a brand new retail and leisure destination."

The master layout plan for the Daci Temple Complex centres on the preservation of the Temple and the reinvigoration of the surrounding historical buildings. The design of the Complex introduces an abundance of lanes, courtyards and plazas into the historical district, where shoppers and diners will mingle with workers and visitors.

"Through a contemporary design scheme, the Daci Temple Cultural & Commercial Complex offers the convenience and functions of modernisation while fully respecting the local history and culture," said Li. "We strongly believe that the Daci Temple Complex will become a masterpiece of urban renewal in the course of China's modernisation. It demonstrates the shared vision amongst Chengdu government, Sino-Ocean Land and Swire Properties, which is to build a world-class cultural and commercial landmark and contribute to Chengdu's development."

The Chengdu Daci Temple Cultural and Commercial Complex, located in the heart of Chengdu and the popular Chunxi Road shopping area in Jinjiang District, will be conveniently accessible from the interchange station of Metro Lines 2 and 3.

* Gross floor area excludes car park areas.

About Swire Properties

Swire Properties develops and manages commercial, retail, hotel and residential properties, with a particular focus on mixed-use development in prime locations at major mass transportation intersections. Listed on the Main Board of the Stock Exchange of Hong Kong, the Company's investment portfolio in Hong Kong totals over 17 million sq ft (over 1.58 million sqm)* of gross floor area, with Island East and Pacific Place as its core holdings. In addition to Hong Kong, the Company has significant investments in Mainland China, the United States and the United Kingdom.

In Mainland China, Swire Properties has a portfolio amounting to approximately 13.5 million sq ft (over 1.25 million sqm)*, including five mixed-use developments in Beijing, Guangzhou, Chengdu and Shanghai. Of these, Sanlitun Village and INDIGO in Beijing and TaiKoo Hui in Guangzhou have opened.

Since 1980, the Company has been developing investment and trading properties on the island of Brickell Key in downtown Miami, Florida where it has created an acclaimed residential and commercial portfolio, including the new large-scale mixed-use project, Brickell CitiCentre.

Through Swire Hotels, the Company also creates and manages intriguing urban hotels in Hong Kong, Mainland China and the United Kingdom, aimed at providing an exceptional experience for travellers who seek individuality, style and personalised service. Visit Swire Properties' website at www.swireproperties.com.

* Gross floor area in respect of 100% of the properties excluding car park areas and not on an attributable basis.

About Sino-Ocean Land

It is Sino-Ocean Land's goal to become the property market leader in China.

Founded in 1993, Sino-Ocean Land was listed on the Main Board of the Hong Kong Stock Exchange (stock code: 03377) on 28 September 2007 and has become one of the top ten Mainland real estate companies listed in Hong Kong. In March 2008 Sino-Ocean Land was selected as a constituent of the Hang Seng Hong Kong Composite Index and the Hang Seng China-Affiliated Corp Index.

The Company is mainly engaged in the development of mid to high-end residential properties, premium office buildings, retail properties and serviced apartments; the sale of real estate and related business, landscaping, property management and hotels and club operation. Based in Beijing, Sino-Ocean Land boasts a multi-regional and diversified portfolio of both development and investment properties. By virtue of superior projects and services, the Company has firmly established the "Sino-Ocean Land" brand.

Visit Sino-Ocean Land's website at http://www.sinooceanland.com/

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Martin Cubbon, Chief Executive of Swire Properties Limited officiated at the Chengdu Daci Temple Cultural and Commercial Complex Launching Ceremony

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Li Ming, Chief Executive and Chairman of Sino-Ocean Land Holdings Limited officiated at the Chengdu Daci Temple Cultural and Commercial Complex Launching Ceremony

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The Night View of Chengdu Daci Temple Cultural and Commercial Complex

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Shopping Lanes in Daci Temple Cultural & Commercial Complex's Open Plan Retail Centre The shopping lanes, where shoppers can slow down and enjoy a refreshing interlude of history and culture, offer an intriguing interchange of upbeat shopping and slow-paced lifestyle.