Directorate Change

Hongkong Land Hldgs Ld
23 August 2004

For immediate release

                       MANAGEMENT CHANGES AT HONGKONG LAND

23rd August 2004 - Hongkong Land Holdings Limited announced today the
appointment of Geoffrey Brown as Chief Financial Officer of Hongkong Land. He
will succeed Francis Heng who has returned to Singapore to take up a position
outside the Group.

Geoffrey Brown is currently the group finance director of Jardine OneSolution
Holdings Limited ('JOS'), a wholly-owned subsidiary within the Jardine Matheson
Group, responsible for financial management, risk management and corporate
development. Before joining JOS in 2002, Geoffrey had held various senior
finance positions in the Jardine Matheson Group in Hong Kong and Australia since
1994. He will take up his role at Hongkong Land by the end of October when
succession arrangements at JOS have been finalised.

Chief Executive of Hongkong Land, Nicholas Sallnow-Smith, said, 'We are pleased
to welcome Geoffrey to Hongkong Land. Francis has been an excellent Chief
Financial Officer and a valued colleague. We are sad to see him go, but wish him
well in his future career.'

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. Hongkong Land Limited manages these assets and the Group's other
property and infrastructure interests in Asia from Hong Kong by providing
services to the 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 Singapore and
Bermuda. 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) 20 7816 8135

Golin/Harris Forrest
Kennes Young                                                     (852) 2501 7987

Weber Shandwick Square Mile
Richard Hews/ Helen Thomas                                     (44) 20 7067 0700

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




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