Holding in Company

Hong Kong Land Hldgs Ld
5 December 2001


HONGKONG LAND HOLDINGS LIMITED ('HKLH')

SUBSTANTIAL SHAREHOLDER

Following the repurchase by HKLH of its ordinary shares in the market on 5th
December 2001 and the completion of cancellation in due course by HKLH of the
relevant repurchased shares, there have been changes to the interests of
substantial shareholders. The interest of The Hongkong Land, Company Limited
(a wholly-owned subsidiary of HKLH) will increase from 2.83% to 3.03%, and,
consequently, is now discloseable as a substantial shareholder. The interest
of Jardine Strategic Holdings Limited ('JSH') in HKLH will also increase from
39.88% to 42.76%. JSH's interest is made up as follows:-

                                                   No. of shares              %

JSH beneficial interest                              911,951,564          39.73
The Hongkong Land Company, Limited                    69,561,004           3.03
Total Interest                                       981,512,568          42.76


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

Neil M McNamara, Jardine Matheson Limited
for and on behalf of Hongkong Land Holdings Limited

5th December 2001

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