13:30     HOPSON DEV HOLD<00754> - Results Announcement (1)                   

    Hopson Development Holdings Limited announced on 18/04/2005:              
    (stock code: 00754 )                                                      
    Year end date: 31/12/2004                                                 
    Currency: HKD                                                             
    Auditors' Report: Unqualified                                             
                                                                              
                                                            (Audited   )      
                                         (Audited   )       Last              
                                         Current            Corresponding     
                                         Period             Period            
                                         from 01/01/2004    from 01/01/2003   
                                         to 31/12/2004      to 31/12/2003     
                                   Note  ('000      )       ('000      )      
    Turnover                           : 4,449,913          3,325,922         
    Profit/(Loss) from Operations      : 1,103,079          530,418           
    Finance cost                       : (13,375)           (4,280)           
    Share of Profit/(Loss) of                                                 
      Associates                       : (734)              (1,118)           
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : 100,390            110,922           
    Profit/(Loss) after Tax & MI       : 611,250            315,354           
    % Change over Last Period          : +94       %                          
    EPS/(LPS)-Basic (in dollars)       : 0.61               0.31              
             -Diluted (in dollars)     : 0.61               0.31              
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 611,250            315,354           
    Final Dividend                     : 6 cents            3 cents           
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 01/06/2005         to 06/06/2005 bdi.
    Payable Date                       : 30/06/2005                           
    B/C Dates for Annual                                                      
      General Meeting                  : 01/06/2005         to 06/06/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
    1.      The Company was incorporated in Bermuda on 24 July 1997 and       
    registered as an overseas company in Hong Kong on 10 October 1997.  In May
    1998, the Company successfully launched an initial public offering on The 
    Stock Exchange of Hong Kong Limited.  The Company and its subsidiaries (" 
    the Group") are principally engaged in property development, property     
    investment and property management.                                       
                                                                              
    2.      The results of the Group have been prepared in accordance with    
    accounting principles generally accepted in Hong Kong and comply with     
    accounting standards issued by the Hong Kong Institute of Certified Public
    Accountants.  The results of the Group include the audited consolidated   
    accounts of the Company and its subsidiaries.  Significant intra-group    
    transactions and balances have been eliminated on consolidation.          
                                                                              
    For full convergence with International Financial Reporting, the Hong Kong
    Institute of Certified Public Accountants has issued a number of new and  
    revised Hong Kong Financial Reporting Standards and Hong Kong Accounting  
    Standards (collectively, "new HKFRSs") which are effective for accounting 
    periods beginning on or after 1 January 2005.                             
                                                                              
    The Group has not early adopted these new HKFRSs in the accounts for the  
    year ended 31 December 2004 and is in the process of making an assessment 
    of the impact of these new HKFRSs. The Group has at this stage not yet    
    concluded that the adoption of these new HKFRSs would have a significant  
    impact on its consolidated financial statements.