Block Listing Return

Hong Kong Land Hldgs Ld
19 April 2001

BLOCK LISTING RETURN

1. Name of Company

HONGKONG LAND HOLDINGS LIMITED

2. Name of Scheme

US DOLLARS 410,000,000 4 PER CENT CONVERTIBLE BONDS 2001

3. Period of Return

1 SEPTEMBER 2000 - 31 MARCH 2001

4. Number and class of share(s) (amount of stock/debt security) already listed
but not issued under Scheme:

78,384,302 SHARES

5. Number of shares issued/allotted under scheme during period:

4,975

6. Balance under scheme not yet issued/allotted at end of period:

NIL (SEE 7 BELOW)

7. Any other relevant information:

Date shares under scheme originally listed: 22 APRIL 1994

Number of shares originally listed under scheme: 101,991,626

Repurchase and cancellation of convertible bonds:

THE COMPANY REPURCHASED AND CANCELLED CONVERTIBLE BONDS IN THE AMOUNTS AND ON
THE DATES SHOWN BELOW. THE ORDINARY SHARES INTO WHICH THESE BONDS COULD HAVE
BEEN CONVERTED ARE ALSO SHOWN, REPRESENTING A REDUCTION IN THE NUMBER OF
SHARES ALLOCATED TO THE SCHEME UNDER BLOCK LISTING ARRANGEMENTS.

MONTH/YEAR                 NOMINAL VALUE              NUMBER OF ORDINARY SHARES
1995                        US$8,000,000                              1,990,080
1998                       US$14,350,000                              3,569,706
MARCH 1999                  US$2,000,000                                497,520
APRIL 1999                  US$4,500,000                              1,119,420
MAY 1999                    US$3,500,000                                870,660
JUNE 1999                   US$7,000,000                              1,741,320
JULY 1999                   US$1,500,000                                373,140
SEPTEMBER 1999              US$3,000,000                                746,280
OCTOBER 1999                US$3,500,000                                870,660
NOVEMBER 1999               US$3,000,000                                746,280
DECEMBER 1999                 US$500,000                                124,380
FEBRUARY 2000               US$2,000,000                                497,520
MARCH 2000                  US$1,250,000                                310,950
MAY 2000                    US$1,800,000                                447,768
AUGUST 2000                US$36,000,000                              8,955,360
SEPTEMBER 2000              US$3,000,000                                746,280
OCTOBER 2000                US$7,779,000                              1,935,104

Redemption of convertible bonds at maturity:

THE OUTSTANDING US$307,301,000 CONVERTIBLE BONDS MATURED AND WERE REDEEMED AT
PAR BY THE COMPANY ON 23 FEBRUARY 2001, REDUCING THE REMAINING NUMBER OF
SHARES ALLOCATED TO THE SCHEME UNDER BLOCK LISTING ARRANGEMENTS FROM
76,444,223 TO NIL.

REFERENCE A/1701/1994

8. Total of shares in issue at the end of the period:

2,460,884,771

9. Contact for queries

As in 10 below

10. Person making return

Louise Richard
Assistant Secretary, Matheson & Co., Limited
London Secretaries of Hongkong Land Holdings Limited

Tel: [phone]



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