Directorate Change

Hongkong Land Hldgs Ld
03 October 2006


To: Business Editor                                       For immediate release

            HONGKONG LAND ANNOUNCES APPOINTMENT OF NEW CHIEF EXECUTIVE

3rd October 2006 - Hongkong Land today announced that Nicholas Sallnow-Smith is
to retire as Chief Executive of the Company on 31st March 2007. He will be
succeeded by Y K Pang.

Y K Pang has been with the Jardine Matheson Group since 1984, and is currently a
director of Jardine Matheson Limited with responsibility for Jardine Motors
Group. He is also chairman of Jardine Matheson (China) where he supports the
group's development strategy in the markets of mainland China; a position that
he will retain in his new role with Hongkong Land.

Chairman of Hongkong Land, Simon Keswick, said, 'I would like to thank Nick for
his significant contribution to Hongkong Land. During his tenure as Chief
Executive, Nick has overseen a number of significant developments in the Group's
commercial and residential operations that have laid the foundation for future
profit growth.'

I would also like to welcome Y K Pang to his new role. He brings with him
considerable commercial experience, particularly from Hong Kong and mainland
China', Mr Keswick added.

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. The Group also develops high quality commercial and residential
property projects elsewhere in Asia and holds a 77% shareholding in
Singapore-listed residential property developer, MCL Land. These assets are
managed from Hong Kong by Hongkong Land Limited, which provides 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 Bermuda and Singapore. 
Hongkong Land is a member of the Jardine Matheson Group.

                                    - end -

For further information, please contact:

Hongkong Land Limited
Nicholas Sallnow-Smith                                          (852) 2842 8300

Matheson & Co Limited
Martin Henderson                                              (44) 207 816 8135

GolinHarris
C T Hew                                                         (852) 2522 7928

Weber Shandwick Square Mile
Richard Hews/Helen Thomas                                     (44) 207 067 0700

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





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