10:57     CHEUNG KONG<00001> - Announcement (4)                               

    Land;                                                                     
                                                                              
    "Listing Rules" the Rules Governing the Listing of Securities             
    on the Main Board of the Stock Exchange;                                  
                                                                              
    "PRC"   the People's Republic of China;                                   
                                                                              
    "Stock Exchange"        The Stock Exchange of Hong Kong Limited;          
                                                                              
    "substantial    shall have the meaning ascribed to it in Listing          
    Rule 1.01;                                                                
      shareholder"                                                            
                                                                              
    "Wenjiang Land" the piece of land with an area of approximately           
    373,333.33 square metres located at WuFu Village She No. 5,               
    HuaFeng Village She Nos. 4, 5 & 6 and Phoenix Village She Nos.            
    4 & 5 of YongQuan Street, Wenjiang District (Lot No. Wen Guo              
    Tu Chu [2005]81), Chengdu Municipal, Sichuan Province, PRC;               
                                                                              
    "HK$"   Hong Kong Dollars, the lawful currency of Hong Kong; and          
                                                                              
    "RMB"   Reminbi, the lawful currency of the PRC.                          
                                                                              
    The exchange rate used for reference purpose in this announcement         
    is RMB1.00 to HK$0.94.                                                    
                                                                              
    By Order of the Board                                                     
    CHEUNG KONG (HOLDINGS) LIMITED                                            
    Eirene Yeung                                                              
    Company Secretary                                                         
                                                                              
    Hong Kong, 1st April, 2005                                                
                                                                              
    Note:   Other than Chairman and Managing Director, order by date          
    of appointment, and in the case of Non-executive Director                 
    ("NED")/Independent Non-executive Director ("INED"), order by             
    date of appointment as NED/INED.