Lapse of Joint Venture Agreement

GuocoLand Limited (the “Company”) refers to its announcement of 1 February 2008 relating to the conditional Joint Venture Agreement (“JVA”) by the Company’s wholly-owned subsidiary, GuocoLand Vietnam (S) Pte Ltd in respect of a proposed acquisition of a 5.3 hectares site in District 2, Ho Chi Minh City, Vietnam. The Company wishes to inform that the JVA has lapsed as certain conditions precedent set out therein were not met.

Dated this 9th day of July 2008