Holding(s) in Company

Hongkong Land Hldgs Ld
21 January 2004

HONGKONG LAND HOLDINGS LIMITED ('HKLH')

DISCLOSURE OF INTERESTS - SUBSTANTIAL SHAREHOLDER

On 20th January 2004, HKLH was notified that as at 15th January 2004, Wheelock
and Company Limited ('Wheelock') was interested in 115,147,676 ordinary shares
of HKLH representing 5.02% of the issued ordinary share capital of HKLH, and as
at 19th January 2004, Wheelock's holding decreased to 114,497,676 ordinary
shares of HKLH representing 4.99% of the issued ordinary share capital of HKLH.

The holding of Wheelock was previously disclosed at 4.02% in June 2000.

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

21st January 2004



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