08:56     HARBOUR CENTRE<00051> - Results Announcement                        

    Harbour Centre Development Limited announced on 08/03/2005:               
    (stock code: 00051 )                                                      
    Year end date: 31/12/2004                                                 
    Currency: HKD                                                             
    Auditors' Report: Unqualified                                             
                                                                              
                                                            (Audited   )      
                                         (Audited   )       Last              
                                         Current            Corresponding     
                                         Period             Period            
                                         from 01/01/2004    from 01/01/2003   
                                         to 31/12/2004      to 31/12/2003     
                                   Note  ('Million  )       ('Million  )      
    Turnover                        1  : 445                308.7             
    Profit/(Loss) from Operations   1  : 202.4              111.5             
    Finance cost                       : N/A                N/A               
    Share of Profit/(Loss) of                                                 
      Associates                       : 64.8               124.9             
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : 250.7              169.4             
    % Change over Last Period          : +47.99    %                          
    EPS/(LPS)-Basic (in dollars)    2  : 0.80               0.54              
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 250.7              169.4             
    Final Dividend                     : 12.0 cents         12.0 cents        
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 04/05/2005         to 09/05/2005 bdi.
    Payable Date                       : 17/05/2005                           
    B/C Dates for Annual                                                      
      General Meeting                  : 04/05/2005         to 09/05/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
                                                                              
    (1)     The turnover and profit from operations of HK$445.0 million and   
    HK$202.4 million for the year  ended 31st December, 2004 respectively and 
    HK$308.7 million and HK$111.5 million for the previous year respectively  
    were all generated from continuing operations.                            
                                                                              
    (2)     The calculation of earnings per share is based on the profit for  
    the year of HK$250.7 million (2003:  HK$169.4 million) and on 315.0       
    million (2003: 315.0 million) ordinary shares in issue throughout the     
    year.  For the year under review and the preceding year, there is no      
    difference between the basic and diluted earnings per share.              
                                                                              
    For more details, please refer to the press announcement today.