China Overseas Land & Investment : Announcements and Notices - Land Acquisition Update (for the Two Months Ended 28 February 2019)

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 Hong Kong with limited liability)

(Stock Code: 688)

LAND ACQUISITION UPDATE

FOR THE TWO MONTHS ENDED 28 FEBRUARY 2019

China Overseas Land & Investment Limited (the "Company") wishes to provide to its shareholders the below update on the land acquisitions carried out by the Company and China Overseas Grand Oceans Group Limited ("COGO"), an associate of the Company, for the two months ended 28 February 2019 (the "Land Acquisition Update"). The Land Acquisition Update is also available on the website of the Company(www.coli.com.hk).

For February 2019, the Company (together with its subsidiaries (collectively, the "Group")) acquired 3 land parcels in Shanghai, Taiyuan and Beijing with aggregate attributable gross floor area ("GFA") of approximately 614,702.00 square meters. The land premium payable by the Group in respect of the relevant land acquisitions amounted to approximately RMB8,777.40 million.

In addition, for February 2019, COGO (together with its subsidiaries (collectively, the "COGO Group")) did not acquire any land parcels.

Details of the land acquisitions are set out below for reference:

Land parcels acquired by the Group in 2019
No.	Date of acquisition	City in which land acquired is located	Name of development project	Percentage interest attributable to the Company	Land area (m2)	Total GFA (m2)	Attributable GFA (m2)	Land premium (RMB mn) (Note 1)
1	February	Shanghai	Putuo District Project	100%	30,603.00	121,189.00	121,189.00	3,979.00
2	February	Taiyuan	Wanbailin District Project	100%	45,095.76	220,141.00	220,141.00	358.40
3	February	Beijing	Daxing District Project	100%	79,276.91	273,372.00	273,372.00	4,440.00
Sub-total for the Group:					154,975.67	614,702.00	614,702.00	8,777.40
Land acquisitions by the COGO Group in 2019
Land area (m2)	Total GFA (m2)	Attributable GFA (m2)	Land premium (RMB mn) (Note 1)
Sub-total for the COGO Group:					0.00	0.00	0.00	0.00
TOTAL:					154,975.67	614,702.00	614,702.00	8,777.40

Note:

1.

The land premium illustrated in the table above represents the full sum of land premium payable by the Group or the COGO Group (as the case maybe) in respect of the relevant acquisition.

The above Land Acquisition Update has been prepared based on the respective internal management records of the Company and COGO which have not been audited nor reviewed by external auditors, and as such the data contained therein is for investors' information only. Such data may differ from the figures to be disclosed in the audited or unaudited consolidated financial statements to be published by the Company and COGO on an annual, semi-annual or quarterly basis due to various uncertainties during the process of collection and collating of such data. 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, joint ventures or associates. It does not and is not intended to provide any investment service or investment advice.

By Order of the Board

China Overseas Land & Investment Limited

Yan Jianguo

Chairman and Chief Executive Officer

Hong Kong, 6 March 2019

As at the date of this announcement, Mr. Yan Jianguo (Chairman and Chief Executive Officer), Mr. Luo Liang and Mr. Guo Guanghui are the executive directors; Mr. Chang Ying is the non-executive director; and Mr. Lam Kwong Siu, Dr. Fan Hsu Lai Tai, Rita and Mr. Li Man Bun, Brian David are the independent non-executive directors of the Company.