[For Immediate Release]

Yuexiu Property Acquired Commercial Land Parcel in Jianggan ,

Another High Quality Land Acquisition in Yangtze River Delta Region Enlarged Business Scale through Innovative Land Acquisition Model

(26 June 2013 – Hong Kong) Yuexiu Property Company Limited (“Yuexiu Property” or the “Company”) (HKEx Stock Code: 00123) announced the Company acquired the Sanbao C2-10 Land Parcel located at Jianggan District of Hangzhou City, Province (“Hangzhou Jianggan Land Parcel”) on 25 June 2013 for commercial use by way of open tender on a joint bidding basis through its wholly-owned subsidiary, Guangzhou Yuegang Property Development Limited (“GZYG”) and a connected party Shenzhen Pengcheng Yuexiu Real Estate Investment Partnership (“SZYX”). The Hangzhou Jianggan Land Parcel has a site area of approximately 12,132 sq.m. and a total gross floor area (including the underground gross floor area) of approximately 63,797 sq.m., of which the permissible gross floor area amounts to approximately 48,528 sq.m. and an underground gross floor area of approximately 15,269 sq.m.. The parcel of land was acquired for a consideration of RMB584 million. Based on the total gross floor area, the average land cost amounted to approximately RMB9,200 per sq.m.. As of the announcement date, the Company’s total landbank amounted to approximately 15.24 million sq.m.. In terms of the attributable interest, the Company’s landbank amounted to approximately 14.27 million sq.m..

The Hangzhou Jianggan Land Parcel is located in Northern District, Phase One, Qianjiang New City, Jianggan District, Hangzhou City. To the southeast lies the and Riverside Park with spectacular riverside view and beautiful scenery. The Hangzhou Jianggan Land Parcel is situated close to the Hangzhou city center with convenient transportation. The district is currently undergoing large-scale redevelopments of old villages and will be developed into the Qianjiang New City that comprises of a cluster of commercial and residential buildings. The Hangzhou Jianggan Land Parcel could be developed as core commercial complexes in the Qianjiang New City and thus has huge potential.

- Cont’d - Yuexiu Property Acquired Commercial Land Parcel in Jianggan District, Hangzhou 26 June 2013/ Page 2

SZYX is a limited partnership investment fund established under the laws of the PRC. Guangzhou Yuexiu Holdings Limited, the parent company of Yuexiu Property, is a major shareholder of the general partner of SZYX. GZYG and SZYX have entered into a cooperation agreement on the date of the successful bidding. Pursuant to which, GZYG and SZYX shall establish a project company for the development of the Hangzhou Jianggan Land Parcel. GZYG and SZYX shall own 20% and 80%, respectively, of the equity interest of the project company upon its formation. Through this innovative land acquisition model, it allows the Company to achieve effective resource allocation to maintain a relatively low gearing ratio as well as to realize economies of scale. Meanwhile, SZYX has granted a call option for GZYG to acquire the remaining 80% equity interests of the project held by SZYX, which allows the Company to own the entire project during the effective call option period, subject to the development progress of the project.

The management of Yuexiu Property said, “The Hangzhou Jianggan Commercial Land Parcel is adjacent to the Hangzhou city center, which will facilitate the Company to reinforce its ‘Yuexiu’ brand image and awareness. Upon the acquisition of the land parcel, the Company’s landbank in Hangzhou will total nearly 2.13 million sq.m., and the landbank in the Yangtze River Delta Region will reach 2.67 million sq.m., further expanding the Company’s development scale and strengthening its strategy of ‘Home Base in Guangzhou and Strategic Expansion Nationwide’. The joint bidding is an innovative move as the Company consolidates its internal and external resources; whilst exploring different joint development models. Through consolidation of resources and complementary advantages, such initiative will achieve the economies of scale by developing large-scale projects with small but reasonable amount of investment.” - End -

Yuexiu Property Acquired Commercial Land Parcel in Jianggan District, Hangzhou 26 June 2013/ Page 3

About Yuexiu Property Yuexiu Property Company Limited (HKEx Stock Code: 00123) was listed in Hong Kong in 1992. The Company’s main business is property development with its operations mainly concentrated in the Guangzhou area. It is gradually expanding its business to Pearl River Delta, and branching out to select locations in the Yangtze River Delta, Bohai Rim Economic Zone and Central Region. As of 31 December 2012, the Company’s combined GFA of properties under development and undeveloped properties was approximately 14.40 million sq.m..

Media Contacts： Yuexiu Property Company Limited Swan Wan Tel: (852) 2593 2326 Fax: (852) 2511 0832 Email: [email protected] iPR Ogilvy Ltd. Callis Lau/ Gary Li/ Joey Ho/ Karl Cheung/ Janis Lai Tel: (852) 2136 6952/ 3170 6753/ 3920 7642/ 3920 7639/ 3920 7646 Fax: (852) 3170 6606 Email: [email protected]