New World Development Company Limited — Proxy Solicitation & Information Statement 2005

Oct 13, 2005

HANG LUNG GROUP LIMITED

(Stock Code: 10)

PROXY FORM

I/We

of

being the registered holder(s) of

shares of $1.00 each of Hang Lung Group Limited

(“the Company”) hereby appoint

of

or failing him

of

or failing him the Chairman of the Annual General Meeting (“the Meeting”) to act as my/our proxy to attend and on a poll to vote for me/us and on my/our behalf at the Meeting of the Company to be held on Tuesday, 8th November, 2005 at 11:00 a.m. and of any adjournment thereof as indicated below:

Resolutions*	Resolutions*	Resolutions*			For	For	Against	Against
1.	To	receive and consider the Financial Statements and Reports of
	the	Directors and Auditors for the year ended 30th June, 2005
2.	To	declare the final dividend recommended by the Directors
3.	A.	To re-elect Mr. Gerald L. Chan as a Director
	B.	To re-elect Mr. Ronnie C. Chan as a Director
	C.	To re-elect Mr. Nelson W.L. Yuen as a		Director
	D.	To authorise the Board of Directors to		fix Directors’ fees
4.	To	re-appoint KPMG as Auditors of the Company at a fee to be
	agreed with the Directors
To	approve the following Ordinary Resolutions:
5.	A.	Power of the	Company to purchase its	own shares
	B.	General mandate to Directors re issue of shares
	C.	Authorisation	to Directors re issue of shares to include own
		shares purchased by the Company

Date:

Signature:

Notes:

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

2. Please insert the number of shares registered in your name(s); if no number is inserted, this form of proxy will be deemed to relate to all the shares in the capital of the Company registered in your name(s).

3. If you wish to vote FOR or AGAINST the Resolution, please indicate with a “�” in the appropriate space. In the absence of any such indication, the proxy will vote or abstain at his discretion.

4. A member entitled to attend and vote at the Meeting is entitled to appoint one or more proxies to attend and vote instead of him; a proxy need not be a member.

5. If the appointer is a corporation, this form must be under its common seal or under the hand of any officer or attorney duly authorised in that behalf.

6. In the case of joint holders, if more than one of such joint holders be present personally or by proxy, that one of the said persons so present whose name stands first on the register shall alone be entitled to vote.

7. To be effective, this form together with the power of attorney, or other authority, if any, under which it is signed, or a notarially certified copy of that power of authority, must be deposited at the registered office of the Company at 28th Floor, 4 Des Voeux Road Central, Hong Kong not less than 48 hours before the time appointed for the Meeting or any adjournment thereof.

* The full text of the Resolutions is set out in the Notice of the Meeting.