Press Release

For Immediate Release

Shui On Building Contractors and Shui On Construction
Won Four Out of Five Gold Awards in the
"Safe Working Cycle Forum and Award Presentation"

(Hong Kong, 18 September 2001) --Shui On Building Contractors Limited (SOBC) and Shui On Construction Limited (SOC) won four out of five gold awards in the "Safe Working Cycle Forum and Award Presentation" including "The Best Safe Working Cycle Site", "The Best Project Manager / Site Agent", "The Best Foreman / Supervisors" and "The Best Presentation". Shui On also won 19 silver, bronze and merit awards (see attachment for details).

The Occupational Health and Safety Council (OHSC) and six other organizers conducted a series of activities from June to September 2001 as part of the "Construction Safety Promotional Campaign" and made 6 September the "Construction Safety Day". The "Safe Working Cycle" practice originated in Japan and the OHSC has tailor-made a series of reference materials for the Hong Kong construction industry to help reduce the number of accidents and promote a safety culture. The Safe Working Cycle Forum and Award Presentation was organized to recognize the industry's efforts in implementing the Safe Working Cycle.

17 out of the 49 contesting sites were shortlisted as finalists to participate in the Safe Working Cycle Forum, and five of the shortlisted sites belonged to SOBC and SOC.

"Our achievement relies on the support and commitment of our site staff, sub-contractors and workers to the Safe Working Cycle. Their attitude towards safety on construction sites is changing. Site safety has become the responsibility of all site personnel and workers, and I believe it will gradually become a routine in their daily work. We will continue to implement the Safe Working Cycle at all our construction sites in order to constantly maintain a safe and healthy working environment and work towards the 'zero accident' goal," said Mr Louis Wong, Deputy Managing Director of Shui On Construction and Materials Limited (SOCAM).

Shui On started implementing the Safe Working Cycle in July 2000. Since then, site safety performance has shown remarkable improvement. Not only has the accident rate dropped significantly, but a stronger sense of teamwork and participation has also been developed. The daily morning meeting in the Safe Working Cycle enables two-way communication between management and workers so that workers get involved in setting appropriate safety measures that meet their needs.

SOBC and SOC are wholly owned subsidiaries of the publicly listed Shui On Construction and Materials Limited (SOCAM). As early as June 1992, SOBC became the first building contractor to achieve ISO 9002 certification in Hong Kong. SOC also obtained ISO 9002 certification in December 1995. Both companies were awarded the Occupational Health and Safety Assessment Series (OHSAS) 18001 certification by the Hong Kong Quality Assurance Agency (HKQAA) in November 2000. They were also awarded ISO 14001 certification by the HKQAA and the China National Accreditation Committee for Environmental System Certification Bodies (CACEB) in 1999 and 2000 respectively.

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The full text of this release can be accessed through the Internet at the following websites:
http://www.shuion.com
http://www.irasia.com/listco/hk/shuion
http://www. quamnet.com

For further information, please contact:
Ms Ronny Pang
Ms Shelly Cheng
Shui On Building Contractors Limited / Shui On Construction Limited
Tel.: 2879 1866 / 2879 1865
Pager: 7108 9788 / 7108 9920
Fax: 2787 4211
E-mail: corpcomm@shuion.com.hk


Attachment

List of awards won by Shui On Building Contractors Limited (SOBC) and Shui On Construction Limited (SOC) in the "Safe Working Cycle Forum and Award Presentation"

The Best Safe Working Cycle SiteGold AwardSOBC - Yau Tong Estate Redevelopment Phase 5
Silver AwardSOBC - Po Lam Road Phase 5
Bronze AwardSOC - Hong Ning Road Government Quarters
MeritSOBC - Yau Tong Estate Redevelopment Phase 3
SOBC - Tseung Kwan O Area 59 Phase 9
The Best Project Manager / Site AgentGold AwardSOBC - Stephen Kan,Yau Tong Estate Redevelopment Phase 5
Bronze AwardSOBC - Kwong Cheun Kit, Tseung Kwan O Area 59 Phase 9
SOBC - C.W. Au, Po Lam Road Phase 5
MeritSOBC - Y.C. Lo, Yau Tong Estate Redevelopment Phase 3
SOBC - K.K. Tam, Hong Ning Road Government Quarters
The Best Foreman / SupervisorsGold AwardSOC - Ho Fat, Hong Ning Road Government Quarters
Bronze AwardSOBC - Chow Hay Hong, Yau Tong Estate Redevelopment Phase 5
SOBC - Y.F. Lui, Yau Tong Estate Redevelopment Phase 3
MeritSOBC - Yip Moon Wong, Tseung Kwan O Area 95 Phase 9
SOBC - Chin Chek Sing, Po Lam Road Phase 5
The Best Hazard Identification Activity TeamSilver AwardSOBC - Workshop Team, Yau Tong Estate Redevelopment Phase 3
Bronze AwardSOBC - Lift Installation Team, Yau Tong Estate Redevelopment Phase 5
MeritSOBC - Barfixing Team, Tseung Kwan O Area 95 Phase 9
SOC - Mechanical Team Hong Ning Road Government Quarters
SOBC - Plastering Team, Po Lam Road Phase 5
The Best PresentationGold AwardSOBC - Yau Tong Estate Redevelopment Phase 3
Silver AwardSOBC - Yau Tong Estate Redevelopment Phase 5
Bronze AwardSOBC - Po Lam Road Phase 5