Share repurchase etc

Hong Kong Land Hldgs Ld
22 December 2000

HONGKONG LAND HOLDINGS LIMITED ('HKLH')

1 SHARE REPURCHASE UNDER THE TENDER OFFER

Please be advised that 131,516,805 shares were repurchased by HKLH under the
Tender Offer at a Strike Price of US$2.20 per share on 22 December 2000.

In accordance with the Bermuda Companies Act, under which HKLH is
incorporated, these shares are treated as cancelled immediately upon
repurchase. Accordingly, following the repurchase and cancellation of
131,516,805 shares, the issued share capital of HKLH is 2,460,879,796 shares.


2 SUBSTANTIAL SHAREHOLDER

Following the above repurchase and cancellation of shares by HKLH, Jardine
Strategic Holdings Limited's ('JSH') interests in HKLH has increased from
36.91% to 38.88%. These interests are made up as follows:-
                                                      No of shares      %
JSH beneficial interest                               887,347,564       36.06
Hongkong Land Company Limited (a wholly-owned         69,561,004        2.83
subsidiary of HKLH)
Total Holding                                         956,908,568       38.88

In addition, by virtue of its interest in JSH, Jardine Matheson Holdings
Limited is deemed to be interested in the same number of shares.

L E L A RICHARD, Matheson & Co., Limited,
London Secretaries of Hongkong Land Holdings Limited

22 DECEMBER 2000