Press Release

8 September 2003

Hong Kong, 8 September 2003 - Guoco Group Limited has announced the appointment of Mr. Tam Ping Shing as Head of Treasury to oversee its treasury operations.

Mr. Tam holds a Bachelor of Social Science ( Hons ) degree from the University of Hong Kong. He has over 20 years of experience in global treasury business with major international banks. He was also the president of the HK Forex Association from 1992 to 1996. His wealth of knowledge in financial markets will enhance the Group's treasury operations and investment risk management.

Corporate Information

Guoco Group Limited is a Hong Kong listed company ( Stock Code: 053 ) , whose subsidiaries and associated companies are principally engaged in treasury, fund and investment management, stock and commodity broking, investment advisory, insurance, banking and finance as well as property development and investment.

Contacts :
Ms. Stella Lo
Group Company Secretary
Tel: ( 852 ) 2283 8710
Fax: ( 852 ) 2285 3210
E-mail: stella.lo@guoco.com

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