Yuexiu Property Monthly Update Issue 12‧ January 18, 2013

I. Operating Data ( Unaudited) Highlights： P.1 Operating Data Contracted sales value and the corresponding GFA in Dece mber amounted to RMB461 P.1 Other News million and 48,600 sq.m., representing a year-on-year decrease of 73% and 71%. P.3 Recent Investors and Media Events

From January to December, the Company’s aggregate contracted sales value was approximately RMB12,300 million, with a corresponding GFA of 1,035,200 sq.m., representing increase of 36% and 70% respectively on a year-on-year basis. The aggregate contracted sales in terms of value and GFA accounted for approximately 123% and 108% of the 2012 target of no less than RMB10 billion and 960,000 sq.m. respectively. Yuexiu Property’s Corporate From January to December 2012, the Company’s aggregate contracted sales and preliminary Bonds Were Rated Investment sales value (the formal sales contracts that are expected to be entered into soon) amounted to Grade “Baa3” by Moody’s RMB16,128 million, with a corresponding GFA of 1,303,600 sq.m.. Investors Services In 2012, the Company timely adjusted its marketing strategies and product launches that met changing market needs, driving both full-year contracted sales, contracted and preliminary sales value to record high, exceeding the full-year sales target. Meanwhile, the injection of Guangzhou International Finance Center into Yuexiu Real Estate Investment Trust (“Yuexiu REIT”) ( HKEx Stock Code:00405) was completed on 8 October. The transaction together with the full year contracted sales and preliminary sales value, total aggregate sales amounted to RMB29,568 million.

II. Other News

Yuexiu Property Successfully Issues US$350 million 5-year and US$500 million 10-year Corporate Bonds

On 17 January 2013, Yuexiu Property successfully issued US$350 million 5-year and US$500 Yuexiu Property’s Corporate million 10-year corporate bonds, with coupon rates fixed at 3.25%(T+255) and 4.5% (T+275) Bonds Were Rated Investment respectively. This is the first-ever offshore corporate bond issuance for the Company, and Grade “BBB-” by Fitch Ratings received overwhelming response from investors through a two-day roadshow in Asia and Europe, with a number of globally renowned asset managers and insurance institutions showing keen interest, particularly in the 10-year tranche. As a result, the Company increased the size of the issuance from a US$500 million 5-year corporate bond to US$350 million 5- year and $500 million 10-year corporate bonds. Meanwhile, the indicative price proposed by the Company was lowered from the initial T+280 for the 5-year tranche and T+300 for the 10- year tranche, to T+255 for the 5-year tranche and T+275 for the 10-year tranche, successfully bringing down the coupon by 25 basis points. The total subscription reached approximately US$3 billion.

The coupon rates were fixed at a relatively low level (3.25% for the 5-year tranche and 4.5% for the 10-year tranche), representing one of the lowest coupon among the recent corporate bond issuances by mainland property developers. The low coupon rates demonstrate market recognition of, and investor confidence in, the Company’s operations, financial standing and future development. The successful marketing strategies, coupled with an effective roadshow campaign and timely capturing market opportunities, contributed to the success of the Company’s debut offshore corporate bond issuance.

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The Company has established a US$2 billion Medium Term Note Programme (“MTN Programme”) and has become the first property developer in China establishing the MTN. Yuexiu Property Won the “Most As the first tranche of the MTN Programme, the corporate bonds were rated “Baa3” and Influential Overseas Listed “BBB-” by Moody’s Investors Services and Fitch Ratings respectively. Yuexiu Property, along with China Overseas Land (HKEx Stock Code: 00688) and China Resources Land Company Award” (HKEx Stock Code: 01109), are the only three Hong Kong-listed mainland property developers to receive investment grade ratings on their issued corporate bonds from two international rating institutions.

The management of Yuexiu Property said, “The net proceeds are intended to be used by the Company for refinancing certain indebtedness and for general corporate purposes. This bond issuance has significant meaning. First, it optimizes the financial structure of the Company and diversifies its financing channels. Second, it increases the proportion of low-cost offshore debt and effectively reduces the proportion of onshore debt. This in turn reduces our overall financing costs. Third, the increase in medium-to-long-term bonds should optimize repayment schedules of our current debt portfolio. Our financial Yuexiu Sheraton Hotel flexibility is expected to be enhanced greatly by the broadening of financing channels and optimization of our bond portfolio while, simultaneously, our financing risks will be Groundbreaking Ceremony substantially reduced."

Yuexiu Property Won the “Most Influential Overseas Listed Company Award”

On 20 December 2012, Yuexiu Property won the “Most Influential Overseas Listed Company Award” granted by Hexun.com. According to Hexun.com, Yuexiu Property accomplished an influential and significant deal during the year, which drew much attention from both local and regional media, research institutions and investors. The Company deserved the award as many positive research reports have been issued since the deal. A total of 34 companies were nominated but only three of such could receive the award. Other two winners were CNOOC and China Mobile.

Yuexiu Sheraton Hotel Groundbreaking Ceremony Hangzhou Lin’ an Project

On 8 January 2013, a groundbreaking ceremony took place at the construction site of Yuexiu Sheraton Hotel in Nansha New District jointly developed by Yuexiu Property and Sheraton Hotels & Resorts.

Guangzhou Nansha Yuexiu Sheraton Hotel is the first five-star international hotel being set up in Nansha New District of Guangzhou. Situated within the Southern Le Sand, the hotel is just a river across the Nansha District Government, covering a gross floor area of 60,000 sq.m., with approximately 300 guest rooms. The hotel is expected to commence operation in 2016.

Nansha New District is China's sixth national-level new district, following Shanghai Pudong New District, Tianjin Binhai New District, Chongqing Liangjiang New District, Zhejiang Zhoushan Archipelago New District and Lanzhou New District, where has tremendous commercial potential and investment value. Being one of the first developers in Nansha New District, Yuexiu Property considers Nansha as the most important geographical strategic investment. The successful establishment of Guangzhou Nansha Yuexiu Sheraton Hotel fully demonstrates Yuexiu Property’s determination to support the development of Nansha New District.

Continued Acquiring Quality Land Parcels in Hangzhou

On 10 January 2013, the Company acquired four parcels of land by way of open tender with a total permissible gross floor area of approximately 292,678 sq.m. at Lin’an, Hangzhou, Zhejiang Province, for a total consideration of RMB339,360,000. The average land cost amounted to approximately RMB1,160 per sq.m..

The Company’s total gross floor area of the Hangzhou Lin’ an Project has reached 1.68 million sq.m. and the landbank in the Yangtze River Delta Region even has reached 2.11 million sq.m. following the acquisition, which has further expanded the Company’s development scale in the region and continues to strengthen its layout of “Home base in Guangzhou and strategic expansion nationwide”.

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Research Report by Citi

Yuexiu Property’s Latest Research Reports： Issued Date Company 2013-01-11 Citi 2013-01-07 BoAML 2012-12-13 Mizuho

Latest Ratings on Yuexiu Property：

Date Company 2013-01-11 Moody’s

2013-01-11 Fitch Research Report by Bank of

America Merrill Lynch

III. Recent Investor and Media Events

Event Date Venue BOCOM HK Listed Companies 2012-12-21 Shanghai Investment Conference 2013 Nomura China Property Day 2013-01-07 Hong Kong

Credit Suisse Asian Real Estate 2013-01-09 Hong Kong Conference

DBS Vickers Pulse of Asia 2013-01-09 Singapore Conference

MTN Programme Roadshow Hong Kong 2013-01-14～ 2013-01-15 Singapore For enquiries, Please contact: MTN Programme Roadshow 2013-01-14～ Europe 2013-01-15 Yuexiu Property Company Limited Ms. Carrie Li

Yuexiu Property Company Limited Capital Department Investor Relations Officer

Tel：（852）2593 2326 Yuexiu Property Company Limited (HKEx Stock Code: 00123) was listed in Hong Kong in 1992. Fax：（852）2511 0832 The Company’s main business is property development with its operations mainly concentrated in the Guangzhou area, and gradually expanding to Pearl River Delta, and branching out to selective Email：[email protected] locations in the Yangtze River Delta, Bohai Rim Economic Zone and Central Region. As of 30 June Weber Shandwick 2012, the Company’s combined GFA of properties under development and undeveloped properties was approximately 11.53 million sq.m.. Ms. Jessica Or / Mr. Steve Lee

Disclaimer Tel：（852）2533 9993 / 2533 9986 Fax：（852）2868 0224 The Company wishes to remind investors that the above operational statistics are based on the Email: [email protected] Group’s internal records which are unaudited. Differences may arise between such statistics and the [email protected] data disclosed in subsequent audited financial statements. Such statistics are provisional and for reference purposes only. Investors are cautioned not to rely unduly on such statistics.

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