The Board of Directors of CentraLand Limited (the “Company”) refers to the announcement no. 00185 dated 30 September 2010 (the “Announcement”) regarding the Company’s entry of a Framework Agreement dated 30 September 2010 (the “Framework Agreement”) with 郑州黄河大观有限公司 (Zhengzhou Huanghe Great View Royal Garden Co., Ltd.), Silk Central Limited, WP CL Topco LLC, WP CL Holdco LLC, Dewy Cove Investment Ltd and Chambray Investment Ltd. (collectively, the “Parties”) in relation to the Proposed WP Investment. All capitalised terms used herein shall have the same meanings ascribed to them in the Announcement.

The Company wishes to notify its shareholders that, since not all the Signing Conditions have been satisfied or waived by the relevant Parties by 31 December 2010, the Framework Agreement has expired and consequently the Parties shall have no obligations thereunder. Prior thereto, the Parties were negotiating and finalise the ensuing agreements contemplated under the Framework Agreement. In addition, due to the terms and nature of the proposed transactions, the Parties were also exploring other alternative terms or proposals for collaboration or joint venture.

ON BEHALF OF THE BOARD

Yan Tao Executive Director
25 February 2011