SHANGHAI LAND<00067> - Exceptional Price & Turnover Movements

The Stock Exchange has received a message from Shanghai Land Holdings 
Limited which is reproduced as follows:-

"This statement is made at the request of The Stock Exchange of Hong Kong 
Limited.

We have noted today's decreases in the price of the shares and increases 
in the trading volume of the shares of the Company and wish to state that 
we are not aware of any reasons for such decreases in the share price and 
the increases in the trading volume save as those disclosed in the press 
announcements dated 28 April 2003, 28 May 2003 and 29 May 2003 and the 
circular dated 19 May 2003.

We also confirm that there are no negotiations or agreements relating to 
intended acquisitions or realisations which are discloseable under 
paragraph 3 of the Listing Agreement, neither is the Board aware of any 
matter discloseable under the general obligation imposed by paragraph 2 of 
the Listing Agreement, which is or may be of a price-sensitive nature.

Made by the order of the Board of Shanghai Land Holdings Limited, the 
directors of which individually and jointly accept responsibility for the 
accuracy of this statement.


For and on behalf of
Shanghai Land Holdings Limited

Gong Bei Ying
Director

30 May 2003"