09:20     NEW WORLD CHINA<00917> - Announcement (2)                           

                                                                              
    In determining who will be the Excluded Shareholders and in               
    compliance with the relevant Listing Rules, the Company will make         
    necessary enquiries regarding the legal restrictions (if any) under       
    the laws of the relevant jurisdictions and the requirements of the        
    relevant regulatory bodies or stock exchanges for the offer of the        
    Rights Shares to Shareholders whose addresses appear on the register      
    of the Company at the close of business on the Record Date are in         
    any jurisdictions outside Hong Kong. Further announcement in respect      
    of the Excluded Shareholders will be made by the Company on or before     
    the posting of the Rights Issue Documents, which is expected to be        
    on Monday, 21 March 2005.                                                 
                                                                              
    By Order of the Board                                                     
    New World China Land Limited                                              
    Chow Yu-chun, Alexander                                                   
    Company Secretary                                                         
                                                                              
    Hong Kong, 4 March 2005                                                   
                                                                              
    At the date of this announcement: (a) the executive Directors of the      
    Company are Dr. Cheng Kar-shun, Henry, Mr. Doo Wai-hoi, William, Mr.      
    Cheng Kar-shing, Peter, Mr. Leung Chi-kin, Stewart, Mr. Chow              
    Kwai-cheung, Mr. Chow Yu-chun, Alexander and Mr. Fong Shing-kwong,        
    Michael; (b) the non-executive Director of the Company is Mr. Fu          
    Sze-shing and (c) the independent non-executive Directors of the          
    Company are Mr. Cheng Wai-chee, Christopher, Mr. Tien Pei-chun,           
    James and Mr. Lee Luen-wai, John.