GuocoLand Limited (the “Company”) wishes to announce that its wholly-owned subsidiary, GuocoLand (China) Limited (“GLC”), has today signed a conditional cooperation framework with Beijing Beida Jade Bird Company Limited (“BBJB”) and its related corporations on a proposal to acquire a controlling interest in Beijing Cheng Jian Dong Hua Real Estate Development Company Limited (“Beijing Cheng Jian Project Co”) subject, inter alia, to satisfactory due diligence and satisfaction of certain conditions precedent (“Proposed Acquisition”) whereupon GLC proposes to enter into a Share Acquisition Agreement in respect of the Proposed Acquisition on terms and conditions to be mutually agreed between the parties.

Beijing Cheng Jian Project Co owns the land use and development rights to a land parcel of 106,000 square metres (the “Site”). The Site is located along the main thoroughfare of Dongzhimen Road on the East Second Ring Road in the Dong Cheng District of Beijing City, and is currently being developed into an integrated retail, hotel, office, residential and transportation terminal hub comprising a metro and bus interchange and an express rail link to the Beijing International Airport.

The Company will issue the appropriate announcements upon further developments in due course. None of the Directors or substantial shareholders of the Company has any interest, direct or indirect, in the Proposed Acquisition.