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Notice Of a Director's (including a Director Who Is A Substantial Shareholder) interest And Change In Interest

BackJul 31, 2007

>> PART I

1. Date of notice to issuer * 30-07-2007

2. Name of Director * Zhong Sheng Jian

3.	Please tick one or more appropriate box(es): *
	Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest. [Please complete Part II and IV]

>> PART II

1. Date of change of Deemed Interest 30-07-2007

2. Name of Registered Holder Yanlord Holdings Pte. Ltd.

3. Circumstance(s) giving rise to the interest or change in interest # Others

# Please specify details

The change in shareholding of Yanlord Holdings Pte. Ltd. ("YHPL") arose from the issue of 5,627,304 new ordinary shares ("New Shares") in the capital of Yanlord Land Group Limited ("Company") pursuant to the exercise of convertible notes due 2012 issued in February 2007.

4. Information relating to shares held in the name of the Registered Holder

No. of Shares held before the change	1,271,000,000
As a percentage of issued share capital	71.6 %

No. of Shares which are subject of this notice	0
As a percentage of issued share capital	0 %

Amount of consideration (excluding brokerage and stamp duties) per share paid or received 0

No. of Shares held after the change	1,271,000,000
As a percentage of issued share capital	71.4 %

>> PART III

1. Date of change of [Select Option]

2. The change in the percentage level From % To %

3. Circumstance(s) giving rise to the interest or change in interest [Select Option]

# Please specify details

A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:

>> PART IV

1.	Holdings of Director , including direct and deemed interest :

	Direct	Deemed
No. of shares held before the change	0	1,274,000,000
As a percentage of issued share capital	0 %	71.8 %
No. of shares held after the change	0	1,274,000,000
As a percentage of issued share capital	0 %	71.6 %

Footnotes

Mr Zhong Sheng Jian is deemed to be interested in the shares of the Company held by the following entities:-

1. YHPL, a company owned by Mr Zhong Sheng Jian (95% shareholding interest) and his wife, Mrs Zhong Lin Miao Jun (5% shareholding interest). Due to the issue of the New Shares, YHPL's shareholding in the Company decreases from 71.6% to 71.4%.

2. Billion Bonus Gain Limited ("BBGL"), a company wholly-owned by Mdm Lee Suet Kam, an employee of one of Mr Zhong Sheng Jian's private companies. BBGL holds 3,000,000 shares (0.2%) in the capital of the Company.

The initial public offering for the shares of the Company was joint lead managed by HL Bank and CLSA Merchant Bankers Limited ("Managers"). The Managers assume no responsibility for the contents of this announcement.

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