For Immediate Release

June 16, 2003

Sun Hung Kai Properties (SHKP) was named Asia's Best Property Company of 2003 in a survey conducted by Finance Asia, a leading regional financial magazine. SHKP got high rankings in the categories: best corporate governance, best efforts in investor relations and best managed company. The results show that SHKP's commitment to openness, transparency and maintaining high standards of corporate governance are highly appreciated by investors.

Finance Asia polled about 300 analysts and fund managers in the region for its annual Asia's Best Companies survey. Respondents were asked to rate companies on management, good corporate governance, efforts in investor relations and more. SHKP scored highly and was named Asia's Best Property Company.

SHKP Executive Director Michael Wong said the recognition was very encouraging. According to Mr Wong, "SHKP puts great emphasis on interactive communications with investors and maintaining a high standard of corporate governance, using established accountability mechanisms. Well-developed reporting systems and internal controls ensure the accuracy and reliability of the financial information that the company uses internally and releases to the public. SHKP will maintain its dedication to good corporate governance in every aspect of its business. This commitment to openness and transparency involves disseminating information on corporate strategy, finances and business development on a timely basis through various channels. The company will also enrich the content of its web site to facilitate public understanding of its business."

Please call Cathy Kwong at 2828 8615 for more information.

Finance Asia Managing Director Jonathan Hirst (left) and Business Manager Keith Frith (right) present Asia's Best Property Company Award to SHKP Executive Director Michael Wong

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