Guangzhou Investment Successfully Acquires Lands in the Guangzhou University City(38635)

Hong Kong, 19 July 2009 Guangzhou Investment Company Limited ( Guangzhou Investment or the Company ) (HKEx Stock Code: 0123) announced that the Company has acquired, through its 95% owned subsidiary, the University City Property I ( UC Property I ) and the University City Property II ( UC Property II ) (collectively the UC Properties ) in Guangzhou City, Guangdong Province.

Guangzhou Investment acquired the UC Property I and the UC Property II for considerations of RMB355 million and RMB270 million, respectively, on 16 July 2009. The UC Property I has a total site area of approximately 16,000 square meters and a permissible gross floor area of up to approximately 50,000 square meters; whilst the UC Property II has a total site area of approximately 12,000 square meters and a permissible gross floor area of up to approximately 37,000 square meters.

Both plots of land are permitted for residential usage. The UC Properties are adjoining each other and located in the business area in the University City, where there is a full array of good community facilities. Taking a 5-minute walk to the University City South Station of Metro Line 4, the UC Properties have university areas of South China University of Technology and Guangdong University of Technology at the east and west sides, respectively.

The Guangzhou University City has a total site area of approximately 43 square kilometers with 10 universities including Sun Yat-Sen University and South China University of Technology having already moved in. Total population amounts to 350,000 - 400,000 (among which, approximately 200,000 students and approximately 100,000 academic and administrative staff as well as research staff can be accommodated). Such scale is equivalent to a medium-sized city.

Mr. Lu Zhifeng, Chairman of Guangzhou Investment, said, With good living environment and unrivalled geographical advantages in terms of transportation, environment, commercial and education, the investment in UC Properties is in line with the Company's investment objective.

In addition, during the first half of this year, Guangzhou Investment also acquired the Jiangmen Properties and the Pearl River New City D8-C3 Property in Guangzhou City for considerations of RMB968 million and RMB345 million, respectively, having permissible gross floor areas of approximately 432,000 square meters and 22,500 square meters, respectively. Together with the newly acquired UC Properties, Guangzhou Investment has invested in an aggregate of RMB1.938 billion to increase its land bank with permissible gross floor area of approximately 540,000 square meters.

Adding to Guangzhou Investment s land bank data released at the end of 2008, Guangzhou Investment has to date a total land bank of approximately 7.32 million square meters. Of the abovementioned total land bank, the gross floor area of undeveloped properties, properties under development and investment properties amount to approximately 4.08 million square meters, 2.48 million square meters and 760,000 square meters, respectively.

Guangzhou Investment Company Limited

Guangzhou Investment Company Limited (the Company ) was listed in Hong Kong in 1992 and is one of the top 10 integrated property developers in Guangzhou. The Company s principal businesses include property development and the investment in and operation of toll roads, with its businesses mainly concentrated in the Guangzhou area.

Two subsidiaries of the Company are independently listed in Hong Kong, of which GZI Transport Limited (HKEx Stock Code: 1052) was listed in 1997 and is principally engaged in the operation of toll road businesses, while GZI Real Estate Investment Trust (HKEx Stock Code: 0405) was spun off and listed in 2005 and is principally engaged in the operation of leasing properties.

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Guangzhou Investment Successfully Acquires Lands in the Guangzhou University City

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