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For Immediate ReleaseMay 14th, 2001

SHKP named Asia's best property developer for corporate governance

Sun Hung Kai Properties (SHKP) was the highest-ranked property developer in all of Asia for best corporate governance in a recent survey.

The survey was conducted earlier this year by the regional magazine Financial Intelligence Asia (FIA). The publication polled over 100 analysts in the Asia-Pacific region, asking them to rank companies in terms of factors such as timely disclosure of market-sensitive information, a straightforward approach to reporting results, providing details of company / group transactions, having genuine independent directors and more. SHKP scored highly in most categories, ranking fourth overall, and it was the only property developer in Asia's top ten.

SHKP is proud to be named one of the top ten in FIA's survey. Executive Director Michael Wong said 'Two-way communication with our customers, shareholders, analysts and the public has always been an important part of our corporate culture. We employ a variety of different channels to disseminate important information to the public, and we are gratified that our efforts to achieve a high degree of transparency are recognized.'

'SHKP strives to disclose market-sensitive information in a timely fashion. We put out a range of publications containing the latest news on our developments and activities, and we were also one of the first companies in Hong Kong to begin using the Internet to communicate with investors, the news media and the public.' Mr Wong added.

SHKP believes that this commitment to openness is an important part of doing business in a global economic environment and a duty that it owes to its shareholders. It is conscious of the need to maintain high standards of corporate governance, and putting this into practice, it works to achieve the best possible levels of transparency, at the same time focusing its business strategies to offer maximum shareholder value.

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Asia's top ten for best corporate governance:

1. HSBC

2. Infosys Technologies (India)

3. TSMC (Taiwan)

4. Sun Hung Kai Properties

5. Hutchison Whampoa

6. Singapore Telecom

7. Hang Seng Bank

8. ST Engineering

9. Hindustan Lever

10. SembCorp Industries

* The survey was conducted by the regional magazine FIA (Financial Intelligence Asia) during February and March 2001.

Source: Sun Hung Kai Properties Limited
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