Hongkong Land Welcomes Armani/Chater House

HONG KONG, 18th September 2002 -- Hongkong Land today announced the opening of one of Armani Group's largest retail developments in the world. Located in Hongkong Land's newest building in Central, Chater House, it will be second in size only to Milan's Armani/ Via Manzoni store. Armani/Chater House will be officially open from 31st October 2002 with the ceremony being attended by Giorgio Armani himself.

The Armani/Chater House retail development will offer a range of Armani's fashion and lifestyle product lines and will be the only store in the world where the designer's two main runway collections - Giorgio Armani and Emporio Armani - can be found under one roof. This arrangement was made possible due to the building's unique design and geographical location. With frontage on both Chater Road and Pedder Street, a distinct identity for each of the two fashion stores has been established through the presence of different, eye-catching facades. The two fashion and accessory collections will each occupy two levels and be interconnected by staircases and elevators.

Says Giorgio Armani: "Armani/Chater House is right in the heart of the Central district where a complete cross-section of Hong Kong's diverse population passes through each and every day, thereby offering a unique location for an Armani world under one roof." Armani/Chater House will be a meeting point for people and a way of life, bringing together clothing, accessories, eyewear, watches, jewellery, fragrances, books, flowers, home furnishings and Italian cuisine.

Armani/Chater House will occupy a total area of approximately 34,000 square feet, on three levels, and will include:

• Giorgio Armani
• Giorgio Armani Accessories
• Emporio Armani
• Emporio Armani Accessories
• AJ/Armani Jeans
• Giorgio Armani Cosmetics
• Armani Fiori (flowers)
• Armani Libri (books)
• Emporio Armani Caffe
• Armani Casa (furniture)

Ian Hawksworth, Executive Director, Hongkong Land, says: "The decision by the Armani Group to open such an important retail location in Central should be seen as a vote of confidence in Hong Kong. As a business partner we are delighted that Mr Armani will be present at the opening of the Armani/Chater House retail development. His personal attendance reflects the high profile of the new stores and reinforces Hongkong Land's reputation as the market leader in upscale retail property development and management."

The new development will further enhance the retail experience of Central and complement other Hongkong Land retail centres that include The Landmark and Prince's Building.

Chater House is a 23-level office tower above a three-level retail podium and a three-level basement car park. The building is linked to other main buildings and landmarks in Central. It also has convenient access to all modes of transport, including both MTR and Airport Express stations. The building comprises 430,000 square feet of offices and 45,000 square feet of retail space.

For further information, please contact:
Hongkong Land
Helen Chiu		Tel: 2842 8222
Golin/Harris Forrest
Sue So		Tel: 2501 7966

Notes to Editor

About Hongkong Land
Hongkong Land is a leading property investment, management and development group with a major portfolio in Hong Kong and with other property and infrastructure interests in Asia.

Hongkong Land Holdings Limited is incorporated in Bermuda with its primary share listing in London. The Company's shares are also listed in Singapore and Bermuda. In addition, it has a sponsored American Depositary Receipt programme. Hongkong Land is a member of the Jardine Matheson Group.

Hongkong Land Limited manages the operations of the Group from Hong Kong and provides services to Hongkong Land China Holdings Limited, Hongkong Land International Holdings Limited and Hongkong Land Infrastructure Holdings Limited:

• Hongkong Land China Holdings Limited owns and manages some five million sq. ft. of prime office and retail space in the heart of Hong Kong's Central business district, of which ten percent is under redevelopment, and is developing a range of property activities in Hong Kong and Mainland China.

• Hongkong Land International Holdings Limited is establishing a portfolio of property projects elsewhere in Asia.

• Hongkong Land Infrastructure Holdings Limited holds infrastructure investments in Hong Kong, Mainland China and a number of countries in Asia and is seeking to further develop its regional portfolio.

About The Armani Group
The Armani Group is one of the leading fashion and design groups in the world today. It designs, manufactures, distributes and retails fashion products, including apparel, accessories, eyewear, watches, home products, fragrances and cosmetics under a range of lifestyle brand names: Giorgio Armani, Armani Collezioni, Mani, Emporio Armani, Armani Jeans, A/X Armani Exchange, Armani Junior and Armani Casa. The Group's exclusive retail network currently comprises 53 Giorgio Armani boutiques, 1 Giorgio Armani accessori, 10 Armani Collezioni stores, 114 Emporio Armani stores, 65 A/X Armani Exchange stores, 7 Armani Jeans stores, 3 Armani Junior stores and 6 Armani Casa stores in 34 countries.