09:31     NEW WORLD CHINA<00917> - Announcement (3)                           

    Public                                                                    
    435,912,768                                                               
    28.96                                                                     
    727,776,126                                                               
    19.36                                                                     
                                                                              
    Total                                                                     
    1,504,740,494                                                             
    100.00                                                                    
    3,760,035,032                                                             
    100.00                                                                    
                                                                              
    DESPATCH OF CERTIFICATES FOR RIGHTS SHARES AND COMMENCEMENT OF            
    DEALINGS OF RIGHTS SHARES IN FULLY-PAID FORM                              
                                                                              
    It is expected that the share certificates of the Rights Shares           
    will be despatched to the address (as shown on the register of            
    members of the Company) of those persons who have accepted or             
    applied for and paid for the Rights Shares by ordinary post on or         
    before Thursday, 14 April 2005 at their own risk. Dealings in the         
    Rights Shares on the Stock Exchange, in their duly-paid form, are         
    expected to commence at 9:30 a.m. on Monday, 18 April 2005.               
                                                                              
    By Order of the Board                                                     
    New World China Land Limited                                              
    Chow Yu-chun, Alexander                                                   
    Company Secretary                                                         
                                                                              
    Hong Kong, 12 April 2005                                                  
                                                                              
    As at the date of this announcement: (a) the executive Directors          
    of the Company are Dr. Cheng Kar-shun, Henry, Mr. Doo Wai-hoi,            
    William, Mr. Cheng Kar-shing, Peter, Mr. Leung Chi-kin, Stewart,          
    Mr. Chow Kwai-cheung, Mr. Chow Yu-chun, Alexander and Mr. Fong            
    Shing-kwong, Michael; (b) the non-executive Director of the               
    Company is Mr. Fu Sze-shing and (c) the independent non-executive         
    Directors of the Company are Mr. Cheng Wai-chee, Christopher, Mr.         
    Tien Pei-chun, James and Mr. Lee Luen-wai, John.