GuocoLand Limited (the “Company”) refers to its announcement of 1 February 2008 relating to the conditional Joint Venture Agreement (“JVA”) by the Company’s wholly-owned subsidiary, GuocoLand Vietnam (S) Pte Ltd in respect of a proposed acquisition of a 5.3 hectares site in District 2, Ho Chi Minh City, Vietnam. The Company wishes to inform that the JVA has lapsed as certain conditions precedent set out therein were not met.