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									                                                                                                                         July 2009


                                                             Building a Future
                                                                             Sharing a Dream


                                                                  Investor Newsletter
           Shui On Land (272.HK)                                                Issue 1



Contract Sales Update

Shui On Land Limited (the “Company” or “SOL”) is pleased to announce that the sales and pre-sales achieved for the
period from January to June 2009 amounted to a GFA of 124,000 sq.m. and 2009YTD contract sales of RMB2.0 billion.
This is contributed primarily from the Company’s projects in The Riverview (Wuhan Tiandi Lots A7, A8 and A10), The
Riviera (Chongqing Tiandi, Lot B1-1/01) and Casa Lakeville (Shanghai Taipingqiao Lot 113). There may be a difference
between the above sales figures and the figures disclosed in regular financial reports. As such, the related statistics are
periodical figures for investors’ reference only.




                  Tower 11/Tower 12 Casa Lakeville in HK                       RHXC first to introduce customized apartments


Casa Lakeville Received Enthusiastic Response in Hong Kong
Sales of the Tower 11 at Casa Lakeville with a total of 52 units commenced in Hong Kong on 22 May 2009. In view of the
overwhelming response, additional units at Tower 10 were put on the market. A total of 57 units were sold in just three days
of launch. Located in the centre of Casa Lakeville, Tower 11 provides mainly 2-bedroom units measuring from 127 to 154
sq.m. Tower 12 with 48 units was also launched for presale in June 2009.

The Riverview Phase 2 Show Flat Unveiled
Three show flats of The Riverview Phase 2 (Lot A8) at Wuhan Tiandi are now open for sale. The two main types of floor
plans are a 2- bedroom (80 - 100 sq.m.) and a 3-bedroom (110 - 130 sq.m.).




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SOL IR Newsletter                                                                                                   July 2009




                                     Top-
US$263 million Accelerated Bookbuild Top-up Placement
On 10 June 2009, SOL entered into a Subscription Agreement to sell 418,500,000 Placing Shares at the price of HK$4.87
per share. The gross proceeds of the Subscription was approximately HK$2,038.10 mm (US$263 mm).


It is the 2nd largest top-up offering by a Hong Kong listed Chinese real estate company since May 2007. The placement
received strong demand from investors across the globe with the book being covered within the first 20 minutes of book-
building. The final demand book was covered several times and closed within 3 hours of launch with a mix of both long-only
institutions and hedge funds. The transaction was well received by investors with additional stock purchase in the aftermar-
ket. 12 June 2009 closing price was HK$5.25, up 0.2% from the 10 June 2009 closing price.


SOL looks for diversified funding sources and financing plans to allow more flexibility for the future development of the
Company. The funds are intended to be used to develop the current landbank or for general corporate purposes, including
working capital. Moving forward, the Company will focus on accelerating the development of current projects and is open to
suitable opportunities which facilitate the Company’s continued development.




SOL Won Two Awards for the Second Consecutive Year
The Company received the “5th Corporate Governance Asia Recognition Award” presented by “Corporate Governance
Asia” magazine and “Outstanding China Property Awards 2009” by “Hong Kong Economic Digest” magazine on 26 June
2009. This is the second consecutive year that the Company won these two awards. These awards demonstrate the Com-
pany’s continuous effort and professional practices in corporate governance. The “Outstanding China Property Award”
aims to not only recognize the outstanding performance of Hong Kong-listed Mainland developers, but also to pay tribute
for their contributions to the community. Mr. Daniel Wan and Mr. Freddy Lee represented the Company to receive the
awards.


The Company is committed to maintaining a high standard of corporate governance. Audit Committee members, Professor
Gary Biddle, Dr. Edgar Cheng and Dr. Roger McCarthy, visited Foshan Lingnan Tiandi on 5 June 2009 to better under-
stand the plans, risks and progress of the project.




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SOL IR Newsletter                                                                                                                                 July 2009




2009 Annual General Meeting
2009 Shui On Land’s Annual General Meeting (AGM) was held on 4 June 2009. At the “Networking with Shareholders”
session held after the AGM, Chairman & CEO, Mr. Vincent Lo and three Managing Directors shared with the shareholders
the Company’s latest initiatives and development strategies. This enhances mutual communication and improves corpo-
rate transparency. The management met with the media subsequently to talk about the Company’s development.




Strategic Procurement Agreements Signed
Mr. Louis Wong represented the Company to sign the strategic procurement agreements on 11 June 2009 with six suppli-
ers of doors, floors, elevators, for the close collaboration in the Company’s residential projects for the next two years. The
Company carries out green policies. The high quality materials and products provided by these strategic partners will en-
able the company to meet the Company’s sustainable development standards in both production and application aspects.



About Shui On Land
Shui On Land (Stock Code: 272) is the flagship property development company of the Shui On Group in the Chinese Mainland with a proven track record
in developing large-scale, mixed-use city-core development projects and integrated development projects. The Company has eight projects in various
stages of development in prime locations of major cities, with a gross floor area of 13.2 million sq.m. (including interests of other investors). The Company
was listed on the Hong Kong Stock Exchange on 4 October 2006, the largest Chinese real estate enterprise listed that year.


Shui On Land was included in the MSCI Standard Index Series, MSCI World Index, Hang Seng Composite Index Series and Hang Seng Freefloat Index
Series in March 2007.


For further information about Shui On Land, please visit our website:
http://www.shuionland.com.




For investor relations enquiries, please contact:

Sally Wu                                                                         Audrey Han
Tel: 0086 21 63861818 ext 298                                                    Tel: 0086 21 63861818 ext 673
email: sally.wu@shuion.com.cn                                                    email: audrey.han@shuion.com.cn




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