10:53     WHEELOCK<00020> & WHEELOCK PPT<00049> - Joint Ann. (2)              

    GENERAL                                                                   
                                                                              
    As disclosed in the Announcement, WPL had applied to the Stock            
    Exchange for acceptance of written approval of the Acquisition and        
    the Tag Along Offer from Myers Investments Limited in lieu of             
    holding a general meeting of WPL and the Stock Exchange accepted          
    such written approval on 18 March 2005.                                   
                                                                              
    As at the date of this announcement, the board of directors of            
    Wheelock comprises Mr. Peter K. C. Woo, Mr. Gonzaga W. J. Li, Mr.         
    Stephen T. H. Ng, Mr. Paul Y. C. Tsui, Mr. David J. Lawrence, Mr.         
    Alexander S. K. Au, Mr. B. M. Chang, Mr. Kenneth W. S. Ting and           
    Mr. William Turnbull, and the board of directors of WPL comprises         
    Mr. Gonzaga W. J. Li, Mr. Joseph M. K. Chow, Mr. Herald L. F. Lau,        
    Mr. David J. Lawrence, Mr. David T. C. Lie-A-Cheong, Mr. T. Y. Ng,        
    Mr. Paul Y. C. Tsui and Mr. Glenn S. Yee.                                 
                                                                              
    By order of the board of           By order of the board of               
    directors of                       directors of                           
    Wheelock and Company Limited       Wheelock Properties Limited            
    Wilson Chan                        Wilson Chan                            
    Company Secretary                  Company Secretary                      
                                                                              
    Hong Kong, 1 April 2005