08:53     TST PROPERTIES<00247> - Results Announcement                        

    Tsim Sha Tsui Properties Limited announced on 17/03/2005:                 
    (stock code: 00247 )                                                      
    Year end date: 30/06/2005                                                 
    Currency: HKD                                                             
    Auditors' Report: N/A                                                     
    Interim report reviewed by: Both Audit Committee and Auditors             
                                                                              
                                                            (Unaudited )      
                                         (Unaudited )       Last              
                                         Current            Corresponding     
                                         Period             Period            
                                         from 01/07/2004    from 01/07/2003   
                                         to 31/12/2004      to 31/12/2003     
                                   Note  ($         )       ($         )      
    Turnover                           : 2,984,596,950      3,420,013,913     
    Profit/(Loss) from Operations      : 1,382,269,361      1,173,700,053     
    Finance cost                       : (106,316,672)      (152,329,712)     
    Share of Profit/(Loss) of                                                 
      Associates                       : 663,981,815        (175,738,498)     
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : 839,695,694        510,037,538       
    % Change over Last Period          : +65       %                          
    EPS/(LPS)-Basic (in dollars)    A  : 0.6105             0.3729            
             -Diluted (in dollars)     : 0.6059             0.3628            
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 839,695,694        510,037,538       
    Interim Dividend                   : 8.5 cents          5 cents           
      per Share                                                               
    (Specify if with other             : with option to     with option to    
      options)                           elect shares       elect shares      
                                                                              
    B/C Dates for                                                             
      Interim Dividend                 : 14/04/2005         to 19/04/2005 bdi.
    Payable Date                       : 19/05/2005                           
    B/C Dates for (-)                                                         
      General Meeting                  : N/A                                  
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
                                                                              
    (A)     Earnings per share                                                
                                                                              
    The calculation of the basic and diluted earnings per share is based on   
    the following data:                                                       
                                                                              
                                    Six months ended                          
                            31st December, 2004     31st December, 2003       
                            HK$                     HK$                       
                                                                              
    Earnings for the purpose of basic earnings per share                      
                            839,695,694             510,037,538               
    Adjustment to the share of results of a subsidiary,                       
                                                                              
     based on dilution of its earnings per share                              
                            (6,295,810      )       (13,704,568     )         
                            --------------------------------------------      
    Earnings for the purpose of diluted earnings per share                    
                            833,399,884             496,332,970               
                            ===========================================       
                                                                              
                            Number of shares        Number of shares          
    Weighted average number of ordinary shares for the                        
                                                                              
     purposes of basic and diluted earnings per share                         
                            1,375,513,421           1,367,905,827             
                            ================================================  
                                                                              
    For more details, please refer to the press announcement today.