Kowloon Development Company Limited — Proxy Solicitation & Information Statement 2007

Apr 3, 2007

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(Incorporated in Hong Kong with limited liability)

(Stock Code: 34)

~~PROXY FORM FOR USE AT THE ANNUAL GENERAL MEETING~~

I/We [(Note 1)]

of

being the registered holder(s) of [(Note 2)]

shares

of HK$0.10 each in the capital of KOWLOON DEVELOPMENT COMPANY LIMITED (“the Company”), HEREBY APPOINT [(Note 3)]

of

or failing him, the Chairman of the meeting as my/our proxy to act for me/us at the Annual General Meeting (or at any adjournment thereof) of the Company to be held at Island Ballroom, Level 5, Island Shangri-La Hong Kong, Two Pacific Place, Supreme Court Road, Central, Hong Kong on Thursday, 26 April 2007 at 11:00 a.m. for the purpose of considering and, if thought fit, passing the resolutions (with or without amendments) as set out in the notice convening the said meeting and at such meeting (or at any adjournment thereof) to vote for me/us and in my/our name(s) in respect of the said resolutions as indicated below, or if no such indication is given, as my/our proxy thinks fit.

	Resolutions	For(Note 4)	Against(Note 4)
1	To receive and consider the Audited Accounts and the Report of the Directors
	and Independent Auditors’ Report for theyear ended 31 December 2006.
2	To declare a final dividend.
3	(i) (a) To re-elect Mr. Or Wai Sheun as Director.
	(b) To re-elect Mr. Li Kwok Sing,Aubreyas Director.
	(c) To re-elect Mr. Lok KungChin,Hardyas Director.
	(d) To re-elect Mr. Seto Gin Chung,John as Director.
	(ii) To fix the remuneration of the Directors.
4	To re-appoint auditors and to authorise the Directors to fix their
	remuneration.
5	Togive ageneral mandate to the Directors to issue shares.
6	Togive ageneral mandate to the Directors to repurchase shares.
7	To extend the general mandate granted to the Directors to issue shares by
	the number of shares repurchased.

Dated this day of 2007.

Signature [(Note 5) ] :

Notes:

1. Full name(s) and address(es) to be inserted in BLOCK CAPITALS .

2. Please insert the number of shares of HK$0.10 each registered in your name(s). If no number is inserted, this form of proxy will be deemed to relate to all the shares of the Company registered in your name(s).

3. Please insert the full name and address of the proxy desired. IF NO NAME IS INSERTED, THE CHAIRMAN OF THE MEETING WILL ACT AS YOUR PROXY.

4. IMPORTANT: IF YOU WISH TO VOTE FOR A RESOLUTION, TICK IN THE BOX MARKED “FOR”. IF YOU WISH TO VOTE AGAINST A RESOLUTION, TICK IN THE BOX MARKED “AGAINST”. Failure to complete either box will entitle your proxy to cast his vote at his discretion.

5. This form of proxy must be signed by you or your attorney duly authorised in writing or, in the case of a corporation, must be either under its common seal or under the hand of an officer or attorney duly authorised.

6. In the case of joint holders, any one of such holders may attend and vote at the meeting either personally or by proxy, but if more than one of such joint holders are present at the meeting personally or by proxy, one of the said persons so present whose name stands first on the register of members in respect of the joint holding shall alone be entitled to vote in respect thereof.

7. To be valid, this form of proxy, together with any power of attorney or other authority (if any) under which it is signed or a notarially certified copy thereof, must be deposited at the office of the Company’s share registrars, Computershare Hong Kong Investor Services Limited, at Rooms 1806-1807, 18th Floor, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong not less than 48 hours before the time appointed for holding the meeting or adjourned meeting thereof.

8. Any member entitled to attend and vote at the meeting is entitled to appoint one or more proxies to attend and, on a poll, vote instead of him/her. A proxy need not be a member of the Company.

9. Completion and return of this form of proxy will not preclude you from attending and voting in person at the meeting or adjourned meeting thereof if you so wish and, in such event, the form of proxy shall be deemed to be revoked.

10. ANY ALTERATION MADE IN THIS FORM OF PROXY MUST BE INITIALLED BY THE PERSON WHO SIGNS IT.