The board of directors of Shui On Land Limited informed potential investors and shareholders of the company that, based on the information currently available to the company, it is expected that the profit of the group for the year ended December 31, 2012 is likely to decline significantly as compared with that for the corresponding period in 2011. The decrease in profit is mainly attributable to fewer properties being delivered when compared to the corresponding period in 2011. The Board remains positive on the long term prospects of the group.

The lock-in sales brought forward from December 31, 2012 will be approximately RMB 6.4 billion and will be recognised as revenue in year 2013 and beyond.