For Immediate Release

July 31, 2002

The Central Waterfront Property Project Management Company Limited (CWPPM) today announced the appointment of Marina Leung-Thompson as the company's new Director of Leasing - Retail at International Finance Centre (IFC). Mrs Leung-Thompson will be responsible for strategic planning, marketing and leasing of the over 800,000 square feet of retail space in IFC Phases 1 and 2. The project is a joint development by Sun Hung Kai Properties, Henderson Land, the Hong Kong and China Gas Company and Sun Chung Estate Company, a subsidiary of the Bank of China Group.

Mrs Leung-Thompson has had a distinguished career in property leasing. Before joining CWPPM, she was with Jones Lang Wootton (now Jones Lang LaSalle), in charge of strategic planning and leasing of shopping complexes. Mrs Leung-Thompson's distinguished performance earned her several promotions and a directorship at Jones Lang Wootton.

CWPPM Director Eric Tung said, "Set in the heart of the Central business district, IFC has exceptional advantages including an 88-storey, intelligent office building with advanced facilities to cater for the needs of international companies in the 21st century. The project includes two six-star hotel towers to be fit out and managed by the world-renowned Four Seasons Hotels and Resorts. Aiming at the upscale market, the shopping mall is going to introduce the finest brand names from all over the world. The company is delighted to have Mrs. Leung-Thompson joining at this key moment. With her extensive leasing experience, distinguished background and vast network of contacts, we are confident that she will produce outstanding results with the leasing of IFC."

Mrs Leung-Thompson said, "I'm very excited about taking on the responsibility for retail leasing in IFC, which is set to be a future landmark and one of the most important development projects in the territory. With over 800,000 square feet of retail space, the modern, elegant complex will be the biggest in Central, and 1,000 feet of waterfront and the first multi-screen cinema in Central will make IFC Mall the ultimate one-stop entertainment and shopping facility. Because of its unparalleled advantages, the mall is expected to attract a whole range of international brand names. We are confident that many more world-famous brands will be opening flagship stores, producing exceptional results in retail leasing."

Being developed in two phases, IFC will have 4.7 million square feet of gross floor area, including 2.8 million square feet of office space, 800,000 square feet of shopping, 1.1 million square feet of top hotel facilities, a 140,000 square-foot podium garden and 1,800 parking spaces. The 800,000 square feet of office space and 180,000 square feet of retail space in IFC Phase 1 are complete and near fully occupied.

Marina Leung-Thompson appointed Director of Leasing - Retail for International Finance Centre

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