For Immediate Release

July 10, 2003

Two IFC was completed recently, and it is now setting the new standard for prestige office accommodation in Hong Kong with its ultra-modern design and state-of-the-art facilities. The full IFC project is the first of its kind and scale in Hong Kong, and it is becoming the new heart of the city. Two IFC will attract people from all over the world and its premium quality and stunning presence make it the most sought-after address for international businesses, reinforcing Hong Kong's status as the financial hub of Asia.

Sun Hung Kai Properties Executive Director Mike Wong said that the development consortium had a vision of creating a world-class commercial, retail and entertainment complex that befits Hong Kong's position as the financial hub of Asia. The entire IFC project was designed to accomplish this end, and Two IFC is the latest facet of Hong Kong's newest symbol of business success.

At 420 metres or 88 storeys, Two IFC is Hong Kong's tallest building and third tallest in the world. Its prominent waterfront location gives the skyscraper the best views of the city and harbour, which are completely unobstructed from each face of the tower thanks to a virtually column-free floor plate. The impressive exterior bears the signature of renowned architect Cesar Pelli, making Two IFC a new landmark and symbol of Hong Kong.

The premier mega tower is set to redefine the way Hong Kong does business. Designed with an emphasis on customer care, Two IFC meets the needs of all kinds of tenants, including global financial institutions. It has 22 custom-designed trading floors with extra-deep raised floors for cabling networks and clear ceiling heights up to 3.3 metres, as well as comprehensive communications and IT infrastructure. In addition, it boasts 62 high-speed lifts, multiple backup power sources and more.

The vision does not end with Two IFC. When fully complete by 2005, the entire IFC project will be a self-contained financial city. After offices, the next phase of the project includes even more shopping and leisure facilities. The hotel and suites, the very first Four Seasons establishment in Hong Kong, will contain over one million square feet of floor area and nearly 1,000 guest rooms in two towers. They will offer the exceptional service and quality for which Four Seasons is internationally famous.

Also to open soon is the next phase of IFC Mall, adding a new choice of recreational and leisure facilities in Central. It will include a five-screen threatre complex, 140,000 square feet of landscaped garden and alfresco dining with stunning views of Victoria Harbour. IFC will give fresh vitality to Central as the new heart of the business district.

IFC has the fastest city centre to international airport rail link of any major financial centre in the world. The Airport Express, with its in-town check-in facilities, departs from Hong Kong Station located under IFC and takes just 23 minutes to reach Chek Lap Kok. IFC is also surrounded by an extensive road network and has 1,800 parking spaces. Direct covered access is provided to all modes of transport, including the Star Ferry and Hong Kong Island's main ferry piers for the outlying islands, the Central bus terminus and numerous taxi ranks.

The IFC development consortium includes Sun Hung Kai Properties, Henderson Land, Hong Kong & China Gas and the Sun Chung Estate Company.

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