Land Acquisition Update for the Twelve Months Ended 31 December 2018

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(incorporated in Hong Kong with limited liability) (Stock Code: 688)

LAND ACQUISITION UPDATE FOR THE TWELVE MONTHS ENDED 31 DECEMBER 2018

China Overseas Land & Investment Limited (the “Company”) wishes to provide to its shareholders the below update on the land acquisitions carried out by the Company and China Overseas Grand Oceans Group Limited (“COGO”), an associate of the Company, for the twelve months ended 31 December 2018 (the “Land Acquisition Update”). The Land Acquisition Update is also available on the website of the Company (www.coli.com.hk).

For December 2018, the Company (together with its subsidiaries (collectively, the “Group”)) acquired 10 land parcels in Dalian, Wuhan, Yantai, Qingdao, Chengdu, Changchun, Suzhou, Shanghai, Hong Kong with aggregate attributable gross floor area (“GFA”) of approximately 1,815,791.85 square meters, of which 3 will be developed in form of cooperation projects. The land premium payable by the Group in respect of the relevant land acquisitions amounted to approximately RMB15,452.58 million.

In addition, for December 2018, COGO (together with its subsidiaries (collectively, the “COGO Group”)) acquired 6 land parcels in Yinchuan, Ningxia Autonomous Region, Yangzhou, Jiangsu Province, Nanning, Guangxi Province and Hefei, Anhui Province with an attributable GFA of 1,290,631.00 square meters. The land premium payable by the COGO Group in respect of such land parcels amounted to approximately RMB4,998.48 million.

Details of the land acquisitions are set out below for reference:

Land parcels acquired by the Group in 2018 Percentage City in which Name of interest Attributable Land premium Date of land Land area Total GFA No. development attributable GFA (RMB mn) acquisition acquired is (m2) (m2) project to the (m2) (Note 1) located Company Shunde District 1 January Foshan 100% 149,322.40 385,747.00 385,747.00 1,840.00 Project Binjiang District 2 January Hangzhou 100% 22,935.00 89,276.00 89,276.00 2,213.18 Project Changping District 3 January Beijing 100% 175,115.00 489,691.00 489,691.00 5,450.00 Project Nansha District 4 January Guangzhou 100% 78,951.00 233,512.00 233,512.00 1,823.78 Project (Note 2) Pingshan District 5 February Shenzhen 100% 19,194.68 124,300.00 124,300.00 1,254.50 Project (Note 2) Daxing District 6 February Beijing 100% 74,464.00 205,538.00 205,538.00 3,275.00 Project #1 Wuhua District 7 February Kunming 60% 102,719.82 515,348.00 309,208.80 1,476.63 Project Shuimogou 8 February Urumqi 100% 33,664.18 144,776.00 144,776.00 602.80 District Project #1 Shuimogou 9 February Urumqi 100% 34,804.71 142,821.00 142,821.00 615.50 District Project #2 Hunnan District 10 February Shenyang 100% 179,941.83 450,439.00 450,439.00 1,743.64 Project Panyu District 11 February Guangzhou 14.28% 76,285.00 365,628.00 52,211.68 473.75 Project Banan District 12 February Chongqing 51% 89,257.00 299,427.00 152,707.77 367.20 Project Jiang'an District 13 February Wuhan 51% 21,774.00 129,571.00 66,081.21 550.80 Project #1(Note 3) Changan District 14 February Xi’an 100% 131,434.69 569,351.00 569,351.00 1,360.00 Project (Note 2) Gaoxin District 15 February Jinan 34% 199,739.00 450,096.00 153,032.64 845.68 Project #1(Note 3) Yuhua District 16 March Changsha 100% 70,673.90 343,263.00 343,263.00 1,117.00 Project Gaoxin District 17 March Qingdao 100% 85,732.50 231,555.00 231,555.00 871.90 Project#1 Daxing District 18 April Beijing 33% 31,049.00 128,364.00 42,360.12 483.45 Project #2 Guandu District 19 April Kunming 100% 116,803.38 584,063.47 584,063.47 2,850.41 Project Gaoxin District 20 May Urumqi 100% 16,644.61 76,253.14 76,253.14 332.00 Project Nanchuan District 21 May Chongqing 100% 120,631.00 291,719.00 291,719.00 204.50 Project Huizhan Pian 22 June Urumqi 100% 57,726.16 239,722.00 239,722.00 781.20 District Project Gaoxin District 23 June Fuzhou 100% 30,043.00 112,383.00 112,383.00 788.31 Project Beihu District 24 June Changchun 100% 172,207.00 571,692.00 571,692.00 2,029.03 Project Hongqiao District 25 June Tianjin 25% 52,482.60 241,900.00 60,475.00 880.00 Project Gaoxin District 26 June Jinan 33% 215,377.00 473,888.00 156,383.04 818.40 Project #2 Xinjian District 27 July Nanchang 100% 64,307.00 105,704.00 105,704.00 490.98 Project Xihu District 28 July Hangzhou 100% 39,344.00 134,241.00 134,241.00 3,338.56 Project Shunde District 29 July Foshan 100% 16,646.16 55,121.00 55,121.00 336.00 Project Ganjiang New 30 July Nanchang 100% 111,477.00 282,468.00 282,468.00 1,203.95 District Project Gaoxin District 31 July Suzhou 51% 54,100.00 158,506.00 80,838.06 1,599.45 Project Yinzhou District 32 July Ningbo 100% 37,266.00 106,925.00 106,925.00 769.02 Project Jiangbei New 33 August Nanjing 100% 149,465.00 456,686.00 456,686.00 5,640.00 District Project

Zhengdong New 34 August Zhengzhou 100% 51,922.88 139,110.00 139,110.00 1,575.00 District Project Fushan District 35 August Yantai 100% 119,919.00 415,372.00 415,372.00 477.17 Project Daxing District 36 August Beijing 100% 39,735.00 145,140.00 145,140.00 1,727.00 Project #3 Songbei District 37 August Harbin 100% 63,157.47 128,676.00 128,676.00 684.80 Project Licheng District 38 September Jinan 100% 70,211.00 307,429.00 307,429.00 979.00 Project Daoli District 39 September Harbin 100% 48,396.20 158,198.00 158,198.00 752.30 Project #1 Chaoyang District 40 September Beijing 100% 74,980.00 143,113.00 143,113.00 2,910.00 Project Beihu Technology 41 September Changchun Development 100% 199,999.00 530,355.00 530,355.00 1,571.59 District Project Gedian 42 September Ezhou Development 50% 123,756.30 426,949.00 213,474.50 928.17 District Project Putuo District 43 October Shanghai 70% 14,904.10 55,260.00 38,682.00 1,357.31 Project #1 Putuo District 44 October Shanghai 70% 23,391.80 116,371.00 81,459.70 2,618.50 Project #2 Putuo District 45 October Shanghai 70% 23,122.10 85,305.00 59,713.50 2,051.09 Project #3 Putuo District 46 October Shanghai 70% 8,579.70 97,158.00 68,010.60 552.65 Project #4 Daoli District 47 October Harbin 100% 47,078.90 154,198.00 154,198.00 619.68 Project #2 Jiang'an District 48 October Wuhan 99% 17,925.00 146,509.00 145,043.91 1,370.16 Project #2 Shijingshan 49 October Beijing 80% 61,128.00 246,064.00 196,851.20 3,867.20 District Project Shibei District 50 November Qingdao 100% 42,474.30 181,151.00 181,151.00 996.11 Project Zengcheng District 51 November Guangzhou 25% 133,319.08 595,713.00 148,928.25 1,248.75 Project #1 Zengcheng District 52 November Guangzhou 20% 85,336.00 380,331.00 76,066.20 643.60 Project #2 Jinan District 53 November Fuzhou 50% 35,195.00 137,226.00 68,613.00 543.50 Project Gaoxin Yuan 54 December Dalian 100% 67,485.80 179,540.00 179,540.00 1,602.34 District Project Caidian District 55 December Wuhan 100% 91,025.00 360,501.00 360,501.00 752.70 Project Zhifu District 56 December Yantai 100% 29,750.80 52,768.00 52,768.00 264.20 Project Gaoxin District 57 December Qingdao 18% 317,762.00 1,160,118.00 208,821.24 386.19 Project #2 Gaoxin District 58 December Qingdao 18% 292,876.00 1,216,688.00 219,003.84 408.42 Project #3 Tianfu New 59 December Chengdu 100% 64,206.30 182,195.00 182,195.00 1,454.27 District Project Jingyue District 60 December Changchun 100% 132,563.00 310,679.00 310,679.00 1,311.80 Project Gongye Yuan 61 December Suzhou 100% 8,560.58 154,250.00 154,250.00 575.30 District Project Pudong New 62 December Shanghai 49% 102,916.30 189,473.00 92,841.77 1,683.78 District Project 7,013.58 63 December Hong Kong Kai Tak Project 100% 9,048.00 55,192.00 55,192.00 (Note 4)

Sub-total for the Group: 5,232,302.23 17,641,006.61 12,715,921.64 91,352.78

Land acquisitions by the COGO Group in 2018 Attributable Land premium Land area Total GFA GFA (RMB mn) (m2) (m2) (m2) (Note 1) Sub-total for the COGO Group: 1,993,859.14 5,022,693.00 4,741,370.20 18,744.46 TOTAL: 7,226,161.37 22,663,699.61 17,457,291.84 110,097.24

Note: 1. The land premium illustrated in the table above represents the full sum of land premium payable by the Group in respect of the relevant acquisition. 2. This project requires the Group to build housing, commodity housing, resettlement housing or affordable housing, which is to be transferred to the local city government free of charge or to be repurchased by the local city government at predetermined price. 3. Project stake has been adjusted and will be developed in form of cooperation project. 4. Exchange rate of HK$ to RMB is 0.873.

The above Land Acquisition Update has been prepared based on the respective internal management records of the Company and COGO which have not been audited nor reviewed by external auditors, and as such the data contained therein is for investors’ information only. Such data may differ from the figures to be disclosed in the audited or unaudited consolidated financial statements to be published by the Company and COGO on an annual, semi-annual or quarterly basis due to various uncertainties during the process of collection and collating of such data. The Land Acquisition Update does not constitute, nor should it be construed as, an offer or solicitation for the purchase or sale of any securities or financial instruments of the Company or any of its subsidiaries, joint ventures or associates. It does not and is not intended to provide any investment service or investment advice.

By Order of the Board China Overseas Land & Investment Limited Yan Jianguo Chairman and Chief Executive Officer

Hong Kong, 7 January 2019

As at the date of this announcement, Mr. Yan Jianguo (Chairman and Chief Executive Officer), Mr. Luo Liang and Mr. Guo Guanghui are the executive directors; Mr. Chang Ying is the non-executive director; and Mr. Lam Kwong Siu, Dr. Fan Hsu Lai Tai, Rita and Mr. Li Man Bun, Brian David are the independent non-executive directors of the Company.