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Swire Pacific Limited
(the "Company")


Further to the Company's announcement dated 16 January 2001, Swire Properties Limited has submitted an application to the Hong Kong High Court for leave to appeal on a point of law concerning the claim by Government for land premium and interest in relation to the Cityplaza Four, Cityplaza Three and Cityplaza One office towers.

Leave to appeal may or may not be granted. The Company will make a further announcement when the outcome of the application and any subsequent appeals is known.

By Order of the Board

Paul A. Moore
Hong Kong, 10 February, 2001

Source: Swire Pacific Limited
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