ANNOUNCEMENTS

           NOTICE IS HEREBY GIVEN that a special general meeting of the Guoco Group Limited (the "Company") will be held at 10:00 a.m. on 15th May, 1997 at 32nd Floor, Wu Chung House, 213 Queen's Road East, Hong Kong for the purpose of considering and, if thought fit, passing, with or without modifications, the following resolution as an ordinary resolution:

           THAT the award of a construction contract for a 720-unit condominium housing development project situated at Bedok Reservoir Road in the District of Bedok, Singapore by First Bedok Land Pte Ltd. to Sim Lian-Guobena JV Pte Ltd. be and is hereby approved.

Notes:

1. Any member entitled to attend and vote at the special general meeting convened by the above notice is entitled to appoint another person as his proxy to attend and vote instead of him. A proxy need not be a member of the Company.
2. In order to be valid, the form of proxy must be disposed at the Company's principal place of business in Hong Kong at 32nd Floor, Wu Chung House, 213 Queen's Road East, Hong Kong together with the power of attorney or other authority, (if any), under which it is signed, or a notarially certified copy of such power of attorney or authority, not less than 48 hours before the time appointed for holding the special general meeting or adjourned meeting at which the person named in the form of proxy proposes to vote or, in the case of a poll taken subsequently to the date of the special general meeting or adjourned meeting, not less than 24 hours before the time appointed for the taking of the poll. Delivery of a form of proxy will not preclude a member of the Company from attending and voting in person at the meeting.