Situated a mere 5.5 km from the heart of the Hongqiao Commercial District (

�� Yanlord and Ho Bee, through a 60:40 equity ownership respectively, jointly acquired a 13.69 hectares residential development site in Qingpu area, Shanghai for RMB3.82 billion. The site can generate 246,487 sqm of residential GFA.

�� Latest acquisition extends earlier collaboration between both parties for property development in Tangshan and will capitalise on Yanlord’s extensive experience and premium brand in the Shanghai real estate sector Yanlord Land Group Limited (Z25.SI) ("Yanlord") together with Ho Bee Investment Ltd (H13.SI) ("Ho Bee") jointly announced today that, through a 60:40 equity ownership respectively, they have jointly acquired a 13.69 hectares prime residential development site (B4-01) with a total planned gross floor area ("GFA") of approximately 246,487 square metre ("sqm") in Qingpu District, Shanghai for RMB3.82 billion or an average purchase price of RMB15,498 per sqm in a public land auction. 虹桥商务区) which has been earmarked by the Shanghai municipal government to be the city’s fully integrated financial, commercial and logistical hub servicing the Yangtze River Delta region, the Qingpu site rests on the city’s No. 2 metro line and benefits from excellent connectivity via the city’s comprehensive metro network as well as key thoroughfares and railways such as the Beijing-Shanghai and Shanghai-Hangzhou express rails. Slated to be a key driver for Shanghai’s economic development, the Hongqiao Commercial District will also house the world’s largest integrated logistical nexus which consists of the Shanghai Hongqiao airport, the Shanghai Express railway network and the Shanghai metro network.

1

Commenting on this latest acquisition,

"With the continued development of Shanghai as a metropolitan city and the sustained extension of its influence as the centre of development for the Yangtze River Delta Region, we are confident that this latest acquisition will contribute significantly to our future growth. Leveraging on our past experiences in the Qingpu district garnered through landmark projects such as Shanghai Yanlord Riverside Gardens and Yunjie Riverside Gardens, we are confident that our ability to amalgamate quality, aesthetics and functionality will lead to the creation of another landmark international residential development in Shanghai that will be warmly received by our discerning customers," Mr Zhong added. Mr Zhong Sheng Jian, Yanlord’s Chairman and Chief Executive Officer, said, "The latest acquisition of the Qingpu land parcel reflects our continued confidence in the potential of Shanghai’s real estate sector and presents a unique opportunity for investment in large-scale high-end residential developments amidst the growing scarcity of sizable prime residential development sites within Shanghai’s city centre."

Mr Chua Thian Poh, Ho Bee’s Chairman and Chief Executive Officer, said, "We’re delighted to participate in this collaboration to develop a prime residential community within the heart of Shanghai. Ideally situated within the

The Qingpu land parcel is a joint acquisition between Yanlord through its subsidiary, Qingpu Tujing Township which has in recent years emerged as a high-end international residential community in western Shanghai, this latest acquisition will tap on the emergence of the Hongqiao Commercial district as a key economic, financial, commercial and logistic hub servicing the greater Yangtze River Delta region. The land parcel is also bordered by many key amenities including a comprehensive mix of international schools from Singapore, United Kingdom, United States, Korea, Germany and France. We are confident that this project will be well received by home buyers seeking to live in a conducive international community and will contribute positively to Ho Bee’s future developments and initiatives within the Greater China market." Shanghai Yanlord Yangpu Property Co., Ltd, and Ho Bee. Yanlord will have an equity ownership of 60% while Ho Bee will have a 40% ownership of the project.

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(Registration Number: 200601911K)

REDEMPTION OF 4% CONVERTIBLE NOTES DUE 2012 AT THE OPTION OF THE

NOTEHOLDERS

Yanlord Land Group Limited (“Company”) refers to the outstanding S$338,250,000 4% coupon

convertible notes due 2012 issued in February 2007 (“Notes”).

The Company wishes to announce that the holders of S$314,500,000 outstanding Notes have

exercised the option to redeem the outstanding Notes. Accordingly, the Company has redeemed

S$314,500,000 outstanding Notes on 4 February 2010 in accordance with the terms set out in the

Indenture dated 6 February 2007 (“Indenture”). The holders of the outstanding Notes who have

exercised the option to redeem shall be paid at their principal amount of S$314,500,000 together

with the interest of S$39,678,075, accrued thereon at the rate of 4 % per annum on 8 February

2010.

The outstanding Notes once redeemed, shall be cancelled in accordance with the terms of the

Indenture. Upon the completion of the above redemption, the outstanding balance of the Notes

which has not been redeemed is S$23,750,000.

Submitted by:

Zhong Sheng Jian

Chairman and Chief Executive Officer