PRESS RELEASE – YANLORD ACQUIRES ADDITIONAL 70.62% STAKE IN PREMIER DEVELOPMENT PROJECT FOR RMB1.6 BILLION, HENCE INCREASING ITS STAKE TO 80%; CAPITALISES ON THE GROWTH POTENTIAL OF THE RAPIDLY EXPANDING CITY

¾ Yanlord increases its stake to 80% in Tianjin Yanlord Haihe Development Co., Ltd which owns a 326,970 sqm gross floor area residential site along Tianjin’s scenic riverfront ¾ Latest investment complements the Group’s existing landholdings in Tianjin and enlarges its strategic foothold in the rapidly expanding Bohai Economic Zone

(20 February 2008 – Singapore / ) -- YANLORD LAND GROUP LIMITED (“Yanlord”, and together with its subsidiaries, the “Group”), a real estate developer focused on developing high-end residential and commercial property projects in strategically selected key and high-growth cities in the People’s Republic of China (“PRC”), announced today that it has, through its subsidiary, Yanlord Development (Tianjin) Co., Ltd, acquired an additional 70.62% stake in the joint venture company, Tianjin Yanlord Haihe Development Co., Ltd, (“Yanlord Haihe”) from Tianjin City Haihe Construction Development Investment Co., Ltd. for RMB1,599.16 million. Upon completion of the transaction, Yanlord’s total shareholding in the project will be increased to 80.0%.

Yanlord Haihe is the project company for the development and owns the rights to a 130,788 sqm land parcel along Tianjin’s picturesque riverfront in the city’s Hebei District. Earmarked for residential development with a total gross floor area of 326,970 square metre (“sqm”), the land parcel has an appraised value of RMB1,585.1 million based on the independent valuation report dated 11 December 2007, which translates to an average land acquisition cost of RMB4,848 per sqm. In addition, Yanlord Haihe has total cash assets, inclusive of capital contribution to be received from a minority shareholder, of RMB679.4 million.

Bordered by three of the city’s main roads, Yuan Wei Road (元纬路) ,Wu Ma Road (五马路) and HaiHe East Road (海河东路), the site rests along two of the tributaries of the HaiHe river and will offer residents a panoramic and scenic river-view overlooking most of the city. The iconic Tianjin Observation Wheel (天津摩天轮) will be connected to the southwestern end of the development while the planned Metro Line No. 4 and 6 which are situated in close proximity to the development will provide convenient access within the city centre. Earmarked for high-end residential development, the project will feature a comprehensive range of amenities catering to the lifestyle needs of its residents.

Commenting on the investment, Yanlord’s Chairman and Chief Executive Officer Mr. Zhong Sheng Jian said, “This latest investment represents our continued confidence in the growth potential of the real estate sector in Tianjin. This project will complement our other development in Tianjin, Yanlord Riverside Plaza, which is slated for completion in stages from 2010 to 2012 and will enlarge our foothold within the city which is home to numerous multi-national international companies. Building on our strategy of extending our presence in key developing cities, we will continue to explore additional opportunities to boost our landbank holdings and enhance value for our shareholders.”

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ABOUT YANLORD LAND GROUP LIMITED: Yanlord Land Group Limited (Z25.SI) is a real estate developer based in the People’s Republic of China, with a focus on the development of high-end fully fitted residential, commercial and integrated property projects in strategically selected key and high-growth cities in the PRC. Listed in June 2006, Yanlord Land Group is a component stock of the Straits Times Index as well as the MSCI Global Standard Indices - Singapore Index.

Since Yanlord took its first step to enter into the PRC market in 1993, it has successfully developed a number of large-scale residential property developments in Shanghai and Nanjing with international communities of residents – such as Yanlord Garden, Yanlord Riverside Gardens and Yanlord Riverside City in Shanghai and Orchid Mansion, Bamboo Garden and Yanlord International Apartments in Nanjing. The “Yanlord” name has been developed into a premium brand - synonymous with quality - within the property development industry of PRC. Currently the Group has established presence in eight key high-growth cities within the four major economic regions of the PRC, namely, (i) Yangtze River Delta – Shanghai, Nanjing and Suzhou; (ii) Western China – Chengdu and Guiyang; (iii) Bohai Rim – Tianjin; (iv) Pearl River Delta – Zhuhai and .

The Group has proactively extended its commercial property development projects, acquired a considerable amount of land parcels for commercial use and commenced the construction of retail mall, office, hotel and serviced residence developments. Upon the completion of the projects, it is expected to generate stable rental income for the Group and increase the asset value of the Group.

MEDIA CONTACT Yanlord Land Group Limited Michelle Sze, Assistant to CEO Head of Investor Relations Phone: (852) 2861 0608 [email protected]

PR consultant of Yanlord in PR consultant of Yanlord in Hong Kong： Singapore： iPR Ogilvy Limited WeR1 Consultants Pte Ltd Tina Law / Stella Lui Yim Jeng Yuh / Ng Chung Keat Phone: (852) 2136 6181 / 2136 6178 Phone: (65) 6737 4844 [email protected] / [email protected] [email protected] / [email protected]