MCL LAND LIMITED: NOTICE OF A CHANGE IN THE PERCENTAGE LEVEL OF A SUBSTANTIAL SHAREHOLDER'S INTEREST

Notice of Interest/Change in Interest
* Asterisks denote mandatory information
Name of Announcer *	MCL LAND LIMITED
Company Registration No.	196300074K
Announcement submitted on behalf of	MCL LAND LIMITED
Announcement is submitted with respect to *	MCL LAND LIMITED
Announcement is submitted by *	Joyce Chang
Designation *	64290808
Date & Time of Broacast	16-Nov-2010 18:12:59
Announcement No.	00088
Price Sensitivity	No

>> Announcement Details

The details of the announcement start here ...

>> Part I
1. Date of notice to issuer *	15/11/2010
2. Name of Substantial Shareholder *	HKL (MCL) Pte. Ltd. ("HKL (MCL)")
3. Please tick one or more appropriate box(es): *
- Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. [Please complete Part III and IV]

>> Part II
1. Date of change of [Select Option]
2. Name of Registered Holder
3. Circumstance(s) giving rise to the interest or change in interest
# Please specify details
4. Information relating to shares held in the name of the Registered Holder
No. of N.A. held before the change
As a percentage of issued share capital
No. of N.A. which are subject of this notice
As a percentage of issued share capital
Amount of consideration (excluding brokerage and stamp duties) per share paid or received
No. of N.A. held after the change
As a percentage of issued share capital

>> Part III
1. Date of change of Interest	11/11/2010
2. The change in the percentage level	From 78.23 % to 79.11 %
3. Circumstance(s) giving rise to the interest or change in interest	# Others
# Please specify details	Following a series of acquisitions by HKL (MCL) of 3,256,000 stock units in the capital of MCL Land from 7th September 2010 to 11th November 2010, HKL (MCL) held a total of 292,678,953 stock units in MCL Land as at 11th November 2010.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions	The change in percentage level is the result of a series of transactions.

>> Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest:
	Direct	Deemed
No. of shares held before the change	289,422,953	0
As a percentage of issued share capital	78.23 %	0 %
No. of shares held after the change	292,678,953	0
As a percentage of issued share capital	79.11 %	0 %

Footnotes

In addition, by way of direct/indirect substantial shareholding interest in HKL (MCL), Hongkong Land (MCL) Holdings Limited, Hongkong Land International Holdings Limited, Hongkong Land Holdings Limited, Jardine Strategic Holdings Limited, JMH Investments Limited and Jardine Matheson Holdings Limited are also deemed to be interested in HKL (MCL)'s notifiable interest in MCL Land as set out in Part III above and, accordingly, their deemed interests in MCL Land have also increased from 78.23% to 79.11%.