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The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

WHEELOCK AND COMPANY LIMITED (Incorporated in Hong Kong with limited liability) (Stock Code: 20)

THE WHARF (HOLDINGS) LIMITED (Incorporated in Hong Kong with limited liability) (Stock Code: 4)

JOINT ANNOUNCEMENT
CONTINUING CONNECTED TRANSACTIONS
On 21 November 2008, Wharf and LCJG entered into a Master Tenancy Agreement, whereby the parties have, in principle, agreed that the Eligible Tenants are eligible to lease from the Eligible Landlords properties within the Eligible Premises during a three-year period commencing from 1 January 2009 and ending on 31 December 2011. Certain Wharf’s subsidiaries (namely, Wharf Realty, TSL and HHL) as landlords had prior to the date of the Master Tenancy Agreement entered into the Existing Tenancy Agreements with certain subsidiaries (namely, LCHK and JBL) and associated companies (namely, City Super and Ferragamo Retail) of LCJG as tenants in respect of the Existing Premises for commercial and retail uses. These Wharf’s subsidiaries are part of the Eligible Landlords, and these LCJG’s subsidiaries and associated companies are part of the Eligible Tenants. The Existing Premises also form part of the Eligible Premises under the Master Tenancy Agreement. As at the date of this announcement, the Group has entered into 6 principal Existing Tenancy Agreements in respect of leasing of the Existing Premises as previously announced by Wharf and the leasing arrangements under these Existing Tenancy Agreements are still subsisting. The Existing Premises comprise certain retail spaces and shops leased to LCHK, JBL, City Super and Ferragamo Retail as Eligible Tenants. Such retail spaces and shops are all