For Immediate Release

February 21, 2005

Sun Hung Kai Properties (SHKP) was first among the 2004 Best Managed Companies in Asia according to a poll by leading financial magazine Asiamoney. The same poll ranked SHKP first among Hong Kong's Best Managed Companies and number one in Hong Kong for Corporate Governance. SHKP Vice Chairman & Managing Director Raymond Kwok accepted the awards from Asiamoney Editor Chris Cockerill at a recent presentation dinner.

Mr Kwok said: "We have a clear business strategy backed by prudent finances, good governance and first-class management. SHKP also insists on strict accountability and has monitoring systems in all aspects of business." He said that the company places high emphasis on two-way communications with the investment community and the public, using various channels to ensure the timely dissemination of important information, to boost transparency.

He said that SHKP has stood fast with the people of Hong Kong through good times and bad, and always strived to provide customers with first-class products and service. The developer is committed to working continually to raise its management and levels of transparency to new heights, while achieving the best returns for shareholders.

Asiamoney began doing Best Managed Company polls in 1991, asking analysts and fund managers to rate Asia-Pacific companies on strategy, management, treatment of minority shareholders, operational efficiency, transparency, overall performance and more. Asiamoney then ranks the Best Managed Companies in the region. The magazine also identified SHKP as Hong Kong's Best Managed Company Since 1991.

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