Holding in Company

Hong Kong Land Hldgs Ld
18 August 2000


On 18th August 2000, Hongkong Land Holdings Limited ('HKLH') received
notification from Credit Agricole Lazard Financial Products Bank ('CAL FP
Bank') that on 14th August 2000, its interest in the ordinary shares of HKLH
(the 'Shares') which it beneficially owned had fallen below the 3% notifiable
level.

The cessation of notifiable interest was a result of market transactions by
CAL FP Bank.
  
CAL FP Bank also advised HKLH that the following entities who had deemed
interests in the Shares held by it had also ceased to have notifiable
interests in the Shares: Credit Agricole Lazard Financial Products Limited,
Caisse Nationale de Credit Agricole S.A., Three Houses Investment Company
Limited, Lazard Brothers & Co., Limited, Lazard Freres and Cie and Lazard
Freres and Co. LLC.

A W BARTLETT, Matheson & Co., Limited, 
London Secretaries of Hongkong Land Holdings Limited