For Immediate Release

February 7, 2002

Sun Hung Kai Properties (SHKP) got two Number One rankings in a recent survey on the Best Companies in Asia conducted by the prestigious international financial magazine Euromoney. SHKP was named 'Best Company in Hong Kong' and 'Best Property Company in Asia', achieving a most satisfactory showing.

Euromoney surveyed market analysts at major banks and research institutes in Asia. Respondents were asked to rank companies according to their business strategy, quality of management, profitability, growth potential, treatment of minority shareholders and transparency of financial accounts. SHKP rated very highly on most counts, being named Best Company in Hong Kong, and for the second consecutive year, Best Property Company in Asia. Euromoney also praised SHKP as a specialist developer of quality residential and commercial properties, and called it one of the most improved companies in Hong Kong.

Raymond Kwok, SHKP Vice Chairman and Managing Director, was very pleased with the company's high ranking in the poll. He said, "Despite the recent challenging business environment, SHKP still follows its corporate strategy of offering the best quality and building its brand name. This policy works, as our property sales volume, solid reputation in the market and comments from investors demonstrate. I believe the keys to our good showing in the poll are our well-defined and consistent business strategy, excellent governance, prudent financial management and maintenance of a high level of transparency."

Mr. Kwok is very gratified by the recognition for SHKP's hard work over the years, and he thinks that the award is the best encouragement to staff. He continued "SHKP will maintain a high level of corporate governance and continue to focus on two-way communication with its customers, shareholders, analysts and the public, to strive for excellence and lift the quality of our products and services to a higher level."

Asia's Best Companies

By Country: Hong Kong
1 Sun Hung Kai Properties
2 HSBC
2 Li & Fung
4 Cheung Kong
5 Hutchison Whampoa

By Sector: Property
1 Sun Hung Kai Properties
2 Cheung Kong
3 Kerry Properties
4 Amoy Properties

Source: Recent Euromoney survey of "Asia's Best Companies".

Raymond Kwok, SHKP Vice Chairman and Managing Director, is very pleased at the company being honoured as 'Best Company in Hong Kong' and 'Best Property Company in Asia'.

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