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28-06-2010

Henderson Land Development Company Limited
HK$13,250,000,000 5-Year Term Loan / Revolving Credit Facility

(Hong Kong, 28 June 2010) Henderson Land Development Company Limited ("Henderson Land" or the "Group") is pleased to announce the signing of a HK$13.25 billion five-year syndicated term loan / revolving credit facility (the "Facility") with a consortium of 18 leading international and local financial institutions on 28 June 2010. Riding on the solid credit quality and superior financial performance of Henderson Land, the Facility received overwhelming response from the banking community. From an initially planned facility amount of HK$8 billion, the Facility was increased to the final amount of HK$13.25 billion indicating the strong confidence and continuing support from international as well as local banks in Henderson Land.

The Facility is one of the largest syndicated loans concluded by Henderson Land and is guaranteed by Henderson Land Development Company Limited. The facility limit carries a 30:70 split into the term-loan tranche and the revolving-credit tranche. Interest rate of the Facility is set at HIBOR plus 0.78% per annum. The Facility comprises new credit limits granted by the participating banks that will further add to the abundant general working capital of Henderson Land and its subsidiaries.

The principal business activities of Henderson Land are property development and property investment. The Group is one of the largest property companies in Hong Kong and it is also active in the property development and property investment business in Mainland China. Other business activities of the Group include project management, construction, property management, finance, hotel and retailing. The Group also holds a 39.88% shareholding interest in The Hong Kong and China Gas Company Limited.

The following international and local financial institutions participated in the Facility:

Mandated Lead Arrangers

The Hongkong and Shanghai Banking Corporation Limited
The Bank of Tokyo-Mitsubishi UFJ, Ltd.
Mizuho Corporate Bank, Ltd.
Bank of China (Hong Kong) Limited
Sumitomo Mitsui Banking Corporation
United Overseas Bank Limited
Oversea-Chinese Banking Corporation Limited Hong Kong Branch
Australia and New Zealand Banking Group Limited
Bank of East Asia
China Merchants Bank Co. Ltd., Hong Kong Branch
Hang Seng Bank Limited
ING Bank N.V.
The Royal Bank of Scotland N.V.
Standard Chartered Bank (Hong Kong) Limited

Lead Managers

The Shanghai Commercial and Savings Bank, Ltd. Hong Kong Branch
DBS Bank Ltd
Chong Hing Bank Limited
Credit Agricole Corporate and Investment Bank

Dr. Lee Shau Kee, Chairman of Henderson Land Development Company Limited (fourth right), with bank representatives toast at the signing ceremony .

Group Photo