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15 Apr

New World Development Receives Four Honours for Excellence in Corporate Governance and Investor Relations

New World Development Company Limited ("New World Development", "the Group"; Stock Code: 17.HK) always attaches importance to communicate with all stakeholders. The Group is honoured to have claimed four awards at the 3rd Asian Excellence Recognition Awards for its excellence in corporate governance and investor relations. The accolades are:

Asia's Best CEO (Investor Relations) - Adrian Cheng
Adrian Cheng, Executive Director and Joint General Manager of NWD, is recognised by the Awards for his capability, management skill and leadership in driving the overall growth and management of the Group and ensuring that the board works effectively and discharges their responsibilities to the best of their abilities.

Best Investor Relations Company
NWD is commitment to maintaining open and transparent communication to enhance investor confidence and providing quality and timely information to investors to enable the investing community to better understand the group's business activities.

Best Investor Relations Website / Promotions
Committed to the highest standards of disclosure, transparency and fairness in disseminating information, NWD makes extra efforts to boost communication with all stakeholders, eg, through its investor website, in addition to its periodic reports.

Best Investor Relations Professional - Aldous Chiu
Aldous Chiu, General Manager - Investor Relations of NWD, is awarded for his success in driving investor relations activities and articulating the company's business to the investment community.

The Asian Excellence Recognition Awards is organised by Corporate Governance Asia, the region's most authoritative journal on corporate governance, recognising achievements and excellence in management acumen, financial performance, corporate social responsibility, environmental practices and investor relations of public and private companies in Asia. Business executives who possess strong leadership in guiding the board of directors and company management in growing/expanding the business are also honoured.

NWD highly values corporate transparency and its relationship with investors. Recognitions received for its contribution in investor relations and shareholder communication include the "Outstanding Investor Relations (Property Sector)" award by Quamnet and the "Bronze Award in Promotion/Marketing - Websites/Emerging Media: Investor/Shareholder Relations Site" under the International Mercury Awards. NWD's annual reports have also received a numbers of other International Mercury Awards, International Galaxy Awards, International Astrid Awards and International ARC Awards from MerComm, Inc. for excellence in corporate information presentation and disclosure.

New World Development Company Limited

New World Development Company Limited ("The Group"; Stock Code: 17.HK) is a leading conglomerate based in Hong Kong. The Group was founded in 1970 and publicly listed in Hong Kong in 1972. It is a constituent stock of the Hang Seng Index with a total asset value of HK$311 billion as at 31 December 2012.

For more than four decades, the Group has expanded from a single focus on the property business to four core areas: property, infrastructure, services and department store. As at 31 December 2012, the Group has an effective interest of approximately 61% in NWS Holdings Limited (Stock Code: 659.HK), approximately 69.8% in New World China Land Limited (Stock Code: 917.HK) and approximately 72.3% in New World Department Store China Limited (Stock Code: 825.HK).