DBS BANK IS JOINT LEAD MANAGER FOR CHEUNG KONG FINANCE (CAYMAN) LIMITED FIXED RATE NOTE ISSUE

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S$100 Million 7-Year Fixed Rate Note Priced and Launched Today

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ISSUE IS PART OF US$1 BILLION EURO MEDIUM TERM NOTE PROGRAMME

SINGAPORE, MAR. 6 -- DBS Bank has been selected as the joint lead manager together with Goldman Sachs for Cheung Kong (Holdings) Limited's wholly-owned subsidiary's S$100 million 7-year Note Issue. The issue is guaranteed by Cheung Kong (Holdings) Limited.

Cheung Kong is the first major Hong Kong corporate to tap the Singapore dollar debt capital market.

Cheung Kong (Holdings) Limited, is one of Hong Kong's leading companies with diversified operations in real estate, ports and related services, retail and manufacturing, telecommunications, media, energy, infrastructure, finance and investment. The Group has four publicly listed companies including Cheung Kong (Holdings) Limited, Hutchinson Whampoa, Cheung Kong Infrastructure and Hongkong Electric. Currently, Cheung Kong (Holdings) Limited is rated A by Standard & Poor's.

The inaugural issue was launched and priced today and was issued as part of Cheung Kong Finance (Cayman) Limited's US$1,000,000,0000 Euro Medium Term Note Programme. The S$100 million 7-year Notes will be sold at par with a coupon of 4.55% and will be listed on the Singapore Exchange Securities Trading Limited ("SGX-ST").

DBS Bank is the leader in debt and equity issuance in Singapore. This Issue marks a milestone in the development of the Singapore dollar debt capital market. DBS will continue to champion the development of the Singapore market as a reliable source of capital for regional issuers.