Syndicated Loan Facility

Hongkong Land Hldgs Ld
23 July 2003



          HONGKONG LAND SIGNS HK$5 BILLION SYNDICATED LOAN FACILITY



23rd July 2003 - Hongkong Land Holdings Limited today announced that The
Hongkong Land Company, Limited has signed a HK$5 billion Revolving Credit/Term
Loan Facility (the 'Facility').  The size of the Facility was increased from an
original HK$4.7 billion following strong demand and oversubscription during
syndication.



The proceeds of the Facility will be used to meet the general corporate funding
requirements of the Group, including refinancing of existing debt and capital
expenditure.  The Facility has a final maturity of seven years and bears
interest at a rate of 42 basis points over HIBOR.



The HK$5 billion syndicated loan is the largest financing exercise conducted by
the Hongkong Land Group since 2001 as part of the Group's strategy of enhancing
its debt profile and diversifying its funding sources.  The Facility follows a
HK$1.5 billion fixed rate note issue placed in April 2003.



Commenting on the successful completion of the syndication, Mr Nicholas
Sallnow-Smith, Chief Executive of Hongkong Land, said, 'We are delighted with
the strong response to the syndication and the participation of a geographically
well diversified spread of leading banks.  The loan provides funding at
attractive rates and further extends the Group's debt maturity profile.  It
shows the confidence of the banking community in our business and in our sector.'




Hongkong Land is a leading property and infrastructure investment, management
and development group.  The Company owns and manages some five million sq. ft of
prime office and retail space in the heart of Hong Kong's Central business
district.  It is active primarily in the Hong Kong SAR, Mainland China and
Singapore, and has a portfolio of property and infrastructure interests in other
Asian cities.  Hongkong Land has its primary share listing in London and the
shares are also listed in Singapore and Bermuda.  The Company is a member of the
Jardine Matheson Group.





                                    - End -





For further information, please contact:



Hongkong Land Limited
Francis Heng                                  (852) 2842 8400



Matheson & Co Limited
Martin Henderson                              (44) 20 7816 8135



Golin/Harris Forrest
Sue So                                        (852) 2501 7966



Weber Shandwick Square Mile
Richard Hews/Christian San Jose               (44) 20 7067 0700





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





NOTE TO EDITORS



HONGKONG LAND HK$5 BILLION SYNDICATED LOAN FACILITY

LIST OF PARTICIPATING BANKS



Lead Arrangers

Bank of China (Hong Kong) Limited
HSBC
Industrial and Commercial Bank of China (Asia) Limited
Standard Chartered Bank
The Bank of Tokyo-Mitsubishi, Ltd.
Bayerische Landesbank, Hong Kong Branch
Hang Seng Bank Limited



Arrangers

Wing Lung Bank, Limited
Sumitomo Mitsui Banking Corporation
UFJ Bank Limited, Hong Kong Branch


Co-Arrangers

Bank of China, Macau Branch
Dah Sing Bank, Limited



Senior Managers

Bank of East Asia
Scotiabank (Hong Kong) Limited
Tai Fung Bank Limited






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