CASH OFFER FOR MCL LAND CLOSE

Hongkong Land Hldgs Ld
17 February 2006



To: Business Editor                                        For immediate release


VOLUNTARY CASH OFFER BY HONGKONG LAND FOR MCL LAND CLOSES

17th February 2006 - Hongkong Land Holdings Limited ('Hongkong Land') today
announced the voluntary cash offer (the 'Offer') made by its wholly-owned
subsidiary, HKL (Morpheus) Pte. Ltd. (the 'Offeror'), for Singapore-listed
residential property developer MCL Land Limited ('MCL Land') closed on 17th
February 2006 (the 'Closing Date'), having previously been declared
unconditional.


At the Closing Date, the Offeror was interested in 286,281,953 Stock Units,
representing approximately 77.4% of the issued capital of MCL Land, which
includes some 10.2% acquired by the Offeror through market purchases following
the announcement of the Offer on 1st December 2005.  The total consideration was
approximately US$307 million.


Commenting on the close of the Offer, Chief Executive, Nicholas Sallnow-Smith,
said, 'We are pleased with the response to our offer and the level of
acceptances received. Hongkong Land has met its target of achieving a majority
stake in MCL Land, which remains listed on the Singapore Stock Exchange.  We
welcome MCL Land to our Group, and we look forward to supporting the continued
growth of its residential property development activities.'


Hongkong Land is a leading commercial and residential property investment,
management and development group.  It has 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, and it also develops high quality
commercial property projects elsewhere in Asia.  The Group is expanding its
residential property activities in the Region, and has recently acquired 77.4%
of Singapore-listed residential property developer, MCL Land.  Hongkong Land
Limited manages these assets from Hong Kong by providing services to Group
companies.  Hongkong Land Holdings Limited is incorporated in Bermuda and has
its primary share listing in London with secondary listings in Bermuda and
Singapore.  Hongkong Land is a member of the Jardine Matheson Group.


                                    - end -


For further information, please contact:



Hongkong Land Limited
Geoffrey Brown                                          (852) 2842 8138
                                                        (852) 9612 3496
GolinHarris
C T Hew                                                 (852) 2522 7928



This and other Group announcements can be accessed through the Internet at 
'www.hkland.com'.



The respective Directors of Hongkong Land and the Offeror (including any who may
have delegated detailed supervision of this Announcement) have taken all
reasonable care to ensure that the facts stated and opinions expressed in this
Announcement are fair and accurate and that no material facts have been omitted
from this Announcement, and they jointly and severally accept responsibility
accordingly.




                      This information is provided by RNS
            The company news service from the London Stock Exchange