China Resources Land : VOLUNTARY ANNOUNCEMENT-LAND ACQUISITION UPDATE FOR THE ONE MONTH ENDED 30 SEPTEMBER 2018

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1109)

VOLUNTARY ANNOUNCEMENT

LAND ACQUISITION UPDATE

FOR THE ONE MONTH ENDED 30 SEPTEMBER 2018

China Resources Land Limited (the "Company") is pleased toprovide its shareholders update on land acquisitionscarried out by the Company and its subsidiaries (the "Group"), for the one month ended30

September 2018(the "Land Acquisition Update").

In September 2018, the Group acquired 9 land parcels in Ezhou, Harbin, Chengdu, Taiyuan, Guangzhou, Xiamen and Changchun with totalgross floor area ("GFA") of approximately2,704,647 square meters.

The attributable land premium payable by the Group in respect of the relevant land acquisition amounted to approximately RMB5,524 million.

Details of the Group's land acquisitions in 2018 are set out in below table for reference:

No.	Month	City	Project Name	Interest (%)	Total GFA (sqm)	Attributable GFA (sqm)	LandPremium (RMB mn)	Attributable Land Premium (RMB mn)
1	Jan	Shenzhen	Luohu District Sungang Project	70%	294,670	206,269	5,060	3,542
2	Jan	Xi'an	Qujiang New District Chang'an South Rd Residential	70%	182,048	127,434	1,073	751
3	Jan	Fuzhou	Gulou District Zhulu Factory Project	100%	60,138	60,138	639	639
4	Jan	Xi'an	Qujiang New District Laian Centre East Commercial	100%	94,699	94,699	1,649	1,649
5	Jan	Xi'an	International Harbor District Olympic Center South Project	70%	359,231	251,462	731	511
6	Feb	Jinan	Shizhong District Xinglong South Project	100%	1,052,691	1,052,691	9,647	9,647
No.	Month	City	Project Name	Interest (%)	Total GFA (sqm)	Attributable GFA (sqm)	LandPremium (RMB mn)	Attributable Land Premium (RMB mn)
7	Feb	Hangzhou	Jianggan District Changmu Residential	50%	125,647	62,824	1,771	886
8	Feb	Shanghai	Baoshan Meilan Lake Project	50%	89,011	44,506	2,585	1,293
9	Feb	Guangzhou	Panyu District Xingnan Rd Project	14%	271,465	38,765	3,318	474
10	Mar	Shenzhen	Luohu District Sanjiu Hotel Project	51%	111,750	56,993	1,456	743
11	Mar	Changsha	Yuelu District Xiufeng Rd C17 Project	100%	139,557	139,557	859	859
12	Mar	Chongqing	Shapingba District Xiyong Residential	51%	293,591	149,731	1,850	943
13	Mar	Changchun	Jingyue District Fuao Project	100%	114,676	114,676	517	517
14	Mar	Changchun	Hi-Tech South District Tianmaohu West Project	100%	88,728	88,728	568	568
15	Apr	Xuchang	Jianan North District Weiwu Rd Project	100%	350,256	350,256	1,429	1,429
16	Apr	Hangzhou	Yuhang District Linping Mountain North Project	100%	164,492	164,492	2,274	2,274
17	Apr	Hohhot	New City District Wantong Rd Project	100%	185,066	185,066	623	623
18	Apr	Dalian	Lvshunkou District Shuishiying C03A	100%	63,104	63,104	225	225
19	Apr	Dalian	Lvshunkou District Shuishiying C09A	100%	51,792	51,792	187	187
20	Apr	Changshu	Shanghu District Feicui Rd Project	100%	64,862	64,862	653	653
21	Apr	Hefei	Feidong County Cuo Town Zhenyanggang Rd Project	100%	188,767	188,767	1,115	1,115
22	Apr	Xi'an	Qujiang New District Yanxiang Rd Project	49%	391,600	191,884	1,597	782
23	Apr	Xuzhou	Development Zone Heping Rd Project	100%	241,612	241,612	1,041	1,041
24	Apr	Guangzhou	Zengcheng District Sanlian Village Project	20%	256,007	51,201	3,218	644
25	Apr	Nanjing	Zhongshan Project	100%	140,077	140,077	1,734	1,734
26	May	Tangshan	Nanhu Core CBD Project	50%	364,316	182,158	882	441
27	May	Zhengzhou	Hi-Tech District Hongsong Rd Project	22%	84,748	18,644	352	77
28	May	Beijing	Daxing Yizhuang Meiyuan Project	100%	7,230	7,230	230	230
No.	Month	City	Project Name	Interest (%)	Total GFA (sqm)	Attributable GFA (sqm)	LandPremium (RMB mn)	Attributable Land Premium (RMB mn)
29	May	Hong Kong	39 Shouson Hill Rd Residential	100%	6,416	6,416	4,837	4,837
30	May	Ningbo	Yinzhou District No.2 Caihong North Rd, Leasing Apartment	100%	18,453	18,453	133	133
31	Jun	Nanjing	Gulou District No.206 Zhongshan North Rd Sanpailou Project	100%	3,772	3,772	67	67
32	Jun	Zhengzhou	Zhengdong New District High-speed Railway New Times Square Project	60%	716,491	429,895	1,582	949
33	Jun	Foshan	Chancheng District Nanzhuang Rd Project	100%	45,947	45,947	461	461
34	Jun	Ningbo	Beilun District ZB02-02-08 Project	100%	53,568	53,568	670	670
35	Jun	Changzhou	Economic Development Zone Changqing Rd Residential Project	100%	193,307	193,307	1,230	1,230
36	Jun	Beijing	Fengtai District Xiaowayao Village Project	50%	290,836	145,418	4,980	2,490
37	Jun	Chongqing	Shapingba District Xiyong Group M Project	100%	357,369	357,369	1,193	1,193
38	Jun	Changchun	Jingyue District Huaao Project	100%	219,296	219,296	1,191	1,191
39	Jun	Wenzhou	Lucheng District Qidu Rd Project	100%	276,385	276,385	3,070	3,070
40	Jun	Shenyang	Liaozhong District Yigao Project	100%	115,695	115,695	116	116
41	Jun	Dongguan	Changping Town Hengjiangxia Village Project	100%	39,997	39,997	456	456
42	Jul	Xiamen	Tong'an District Meiyang Rd Project	100%	53,780	53,780	915	915
43	Jul	Xiamen	Xiang'an District Xinchengzhong Rd Project	33%	73,720	24,328	1,397	461
44	Jul	Jiangmen	Pengjiang District Jiangsha Rd and Huasheng Rd Project	100%	156,874	156,874	1,026	1,026
45	Jul	Xi'an	International Harbor District Olympic Center Residential Project	70%	248,531	173,972	608	426
46	Jul	Jieyang	Yuhu District KG2018005 Project	50%	385,327	192,663	1,469	735
No.	Month	City	Project Name	Interest (%)	Total GFA (sqm)	Attributable GFA (sqm)	LandPremium (RMB mn)	Attributable Land Premium (RMB mn)
47	Jul	Jieyang	Yuhu District KG2018007 Project	50%	328,535	164,267	1,315	658
48	Jul	Shanghai	Sanlin Square Project	100%	26,264	26,264	480	480
49	Aug	Nanchang	Honggutan New District City Crossing Project	100%	740,941	740,941	3,074	3,074
50	Aug	Guangzhou	Huadu District Phenix Road Project	100%	163,075	163,075	2,595	2,595
51	Aug	Guangzhou	Zengcheng District Zhongxin Town 029 Project	100%	78,091	78,091	866	866
52	Aug	Dongguan	Qingxi Town Liheng Road Project	100%	89,452	89,452	1,078	1,078
53	Aug	Zhaoqing	Duanzhou District Duanzhou 1st Road Project	100%	55,789	55,789	267	267
54	Aug	Dongguan	Qishi Town Tielukeng Village Project	100%	146,590	146,590	1,205	1,205
55	Aug	Shenyang	Sujiatun District Chuangxin Road North Project	100%	397,564	397,564	1,312	1,312
56	Aug	Qingtao	Huangdao District Binhai Road	41%	90,562	37,130	122	50
57	Aug	Shanghai	Songjiang Indutrial District Leasing Apartment Project	100%	50,804	50,804	183	183
58	Aug	Guangzhou	Baiyun District Jiahe Road Xinke Village Project	100%	30,422	30,422	740	740
59	Aug	Fuyang	Chengnan New District Shuangqingwan Park South Project	80%	1,271,603	1,017,282	2,145	1,716
60	Aug	Huizhou	Jinshan Lake Commercial Project	33%	652,456	215,310	3,269	1,079
61	Aug	Harbin	Songbei District Zhongyuan Road Project	100%	150,240	150,240	930	930
62	Aug	Nanning	Jiangnan District Xiyuan Restaurant Project	51%	160,820	82,018	635	324
63	Aug	Taian	Daiyue District Beihuang Project	40%	194,528	77,811	236	94
64	Sep	Ezhou	Wudong Lake New District Commercial and Residential Project	50%	1,801,523	900,762	2,511	1,256
65	Sep	Harbin	Daoli District Qunli No.6 Road 05 Commercial and Residential Project	100%	113,955	113,955	676	676
No.	Month	City	Project Name	Interest (%)	Total GFA (sqm)	Attributable GFA (sqm)	LandPremium (RMB mn)	Attributable Land Premium (RMB mn)
66	Sep	Chengdu	Xindu District Banzhuyuan Town Residential Project	100%	109,674	109,674	549	549
67	Sep	Taiyuan	Wanbailin District Changfeng West Road Project	65%	40,361	26,235	322	210
68	Sep	Guangzhou	Zengcheng District Licheng Road Sanlian Village Residential Project	25%	399,957	99,989	4,995	1,249
69	Sep	Harbin	Xiangfang District Tongxiang Road Ziyun Mansion North Commercial and Residential Project	100%	93,500	93,500	630	630
70	Sep	Xiamen	Haicang District 2018HP02 Project	33%	95,000	31,635	2,380	793
71	Sep	Changchun	Nanguan District South Lake Middle Road West Residential Project	100%	21,581	21,581	108	108
72	Sep	Changchun	Nanguan District South Lake Middle Road East Commercial Project	100%	29,096	29,096	54	54
Total:					16,420,377	11,798,826	105,378	76,604

The preliminary figures disclosed above are derived from the Group's internal management records andsubject to change and may differ from those appear in the audited and unaudited financial statements of the Group to be published on yearly and half-yearly basis. They shall not be taken as a measure orindication of the Group's current or future operating or financial performance. As such they are strictlyfor information only and not for any other purpose. Investors are advised not to place any reliance on the information disclosed herein but to exercise due caution when dealing in the securities of the Company.

The Land Acquisition Update does not constitute, nor should it be construed as, an offer or solicitation for the purchase or sale of any securities or financial instruments of the Company or any of its subsidiaries or associates.Any investor who is in doubt is advised to seek advice from professional advisors.