S E A Holdings Limited — Capital/Financing Update 2010

Jan 12, 2010

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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The Hong Kong Building and Loan Agency Limited 香港建屋貸款有限公司

(Incorporated in Hong Kong with limited liability) (Stock code: 145)

REVISED EXPECTED TIMETABLE FOR PROPOSED SUBDIVISION OF SHARES PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL AND CHANGE IN BOARD LOT SIZE

The Board announces that the expected timetable for the Share Subdivision, the Increase in the Authorised Share Capital and the change in board lot size will be revised as set out in this announcement.

Reference is made to (i) the announcement of the Company dated 2 December 2009 in relation to, among other matters, the proposed Share Subdivision, the proposed Increase in the Authorised Share Capital and the change in board lot size (the “Announcement”); and (ii) a further announcement of the Company dated 17 December 2009 in respect of the delay in despatch of circular in relation thereto (the “Delay Announcement”). Unless defined otherwise herein, terms used in this announcement shall have the same meanings as those defined in the Announcement.

As set out in the Delay Announcement, the Company is contemplating the possibility of adding a further motion which may be put to vote at the forthcoming extraordinary general meeting held for the purposes of, among other matters, approving the Share Subdivision, the Increase in the Authorised Share Capital and the change in board lot size. After serious consideration and discussion, the Board has decided not to proceed with the motion and the expected timetable for the Share Subdivision and the change in board lot size has been rescheduled as follows.

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REVISED EXPECTED TIMETABLE

The Board announces that the expected timetable for the Share Subdivision, the Increase in the Authorised Share Capital and the change in board lot size will be revised as follow:

Despatch of the circular regarding, among other matters, the Share Subdivision and the Increase

in the Authorised Share Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 January 2010

Publication of the notice of EGM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 January 2010

Latest time for lodging the form of proxy

for the EGM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11:00 a.m., 8 February 2010

EGM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11:00 a.m., 10 February 2010

Announcement of poll results of the EGM . . . . . . . . . . . . . . . . . . . . . 10 February 2010

The following events are conditional on the fulfillment of the conditions for the implementation of the Share Subdivision

Effective date of the Share Subdivision. . . . . . . . . . . . . . . . . . . . . . . . 11 February 2010

Dealings in the Subdivided Shares commence. . . . . . . . . . . 9:30 a.m., 11 February 2010

Original counter for trading in existing Shares

in board lots of 1,000 Shares temporarily closes . . . . . . . 9:30 a.m., 11 February 2010

Temporary counter for trading in board lots of

10,000 Subdivided Shares (in the form of certificates of existing Shares) (“ Existing Share Certificates ”) opens . . . . . . . . . . . . . . 9:30 a.m., 11 February 2010

First day of free exchange of Existing Share Certificates for new certificates for the Subdivided Shares

(“ New Share Certificates ”) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .11 February 2010 First day of operation of odd lot trading facility . . . . . . . . . . . . . . . . . . . . 1 March 2010

Designated broker starts to stand in the market

to provide matching services for odd lots . . . . . . . . . . . . . . . 9:30 a.m., 1 March 2010 Original counter for trading in Subdivided Shares in board lots of 8,000 Subdivided Shares (in the form

of New Share Certificates) reopens . . . . . . . . . . . . . . . . . . . . 9:30 a.m., 1 March 2010

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Parallel trading in Subdivided Shares (in the form of New Share Certificates and the Existing Share Certificates) Commences. . . . . . . . . . . . . . . . . . . . . . . . . . . . 9:30 a.m., 1 March 2010 Parallel trading in Subdivided Shares (in the form of New Share Certificates and the Existing Share Certificates) ends. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4:00 p.m., 19 March 2010

Last day of operation of odd lot trading facility . . . . . . . . . . . . . . . . . . . 19 March 2010

Designated broker ceases to stand in the market

to provide matching services for odd lots . . . . . . . . . . . . . . 4:00 p.m., 19 March 2010

Temporary counter for trading in board lots of 10,000 Subdivided Shares (in the form of Existing Share Certificates) closes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4:00 p.m., 19 March 2010

Last day for free exchange of Existing Share Certificates for the New Share Certificates . . . . . . . . . . . . . . . 4:30 p.m., 23 March 2010

Further announcement will be made by the Company for changes, if any, in the above expected timetable for implementation of the Share Subdivision and the change in board lot size and the associated trading arrangements as aforesaid.

By order of the Board

The Hong Kong Building and Loan Agency Limited Au Tin Fung Executive Director

Hong Kong, 12 January 2010

As at the date of this announcement, the Board comprises Mr. Lau Yu Fung, Wilson, Mr. Chan Chun Wai and Mr. Au Tin Fung being executive Directors; Mr. Tang Yu Ming, Nelson (Chairman) being non-executive Director; and Mr. Chan Chi Yuen being independent non-executive Director.

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