09:12     SHANGHAI LAND<00067> - Results Announcement (5)                     

    (4) BASIC LOSS PER SHARE                                                  
    The calculation of basic loss per share is based on the consolidated loss 
    attributable to shareholders for the six months ended 31 December 2004 of 
    HK$45,983,000 (2003: HK$40,057,000) and 3,051,438,765 shares (2003: 3,051 
    ,438,765 shares) in issue during the interim period. There were no        
    dilutive potential ordinary shares in existence during the current and    
    prior interim periods.                                                    
                                                                              
    For more details, please refer to the press announcement today.