The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement,

makes no representation as to its accuracy or completeness and expressly disclaims any liability
whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of
this of this announcement.
Unless otherwise defined in this announcement, terms used in this announcement shall have the same
meanings as those defined in the prospectus issued by the Company dated April 3, 2007 (the
‘‘Prospectus’’).

COUNTRY GARDEN HOLDINGS COMPANY LIMITED

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 2007)

CLARIFICATION ANNOUNCEMENT

The Board makes this clarification announcement in response to articles appearing in certain newspapers
on 3 April 2007 regarding a statement made by Mr. Yeung Kwok Keung, the chairman and an executive
Director of the Company, at a press conference held on 2 April 2007 when he was asked for the reason
for his decision to transfer his interests in the Group to his daughter, Ms. Yang Huiyan.

PRESS CLARIFICATION
The Board of Directors (the ‘‘Board’’) of Country Garden Holdings Company Limited (the ‘‘Company’’,
together with its subsidiaries, the ‘‘Group’’) makes this clarification announcement in response to articles
appearing in certain newspapers on 3 April 2007 regarding a statement made by Mr. Yeung Kwok Keung
(‘‘Mr. Yeung’’), the chairman and an executive Director of the Company, at a press conference held on 2
April 2007 when he was asked for the reason for his decision to transfer his interests in the Group to his
daughter, Ms. Yang Huiyan (‘‘Ms. Yang’’). In response to the media’s queries about Mr. Yeung’s family
matters, Mr. Yeung expressed that the transfer was purely a private family arrangement.
Mr. Yeung and Ms. Yang have confirmed to the Board that, consistent with the disclosure in the
Prospectus, (i) Ms. Yang is not Mr. Yeung’s nominee; (ii) Ms. Yang, being the ultimate beneficial owner of
her interest in the Company, has the sole discretion to manage her own assets; and (iii) there is no trust or
other arrangement in respect of Ms. Yang’s interest in the Company pursuant to which she is accountable
to any member(s) of the Yeung/Yang family or other individual. In addition, the Board wishes to reaffirm
the accuracy of the Prospectus that Ms. Yang will be the ultimate beneficial owner of 9,520,000,000 Shares
held through Concrete Win immediately following the completion of the Global Offering and the
Capitalisation Issue.
Relevant information regarding Mr. Yeung’s transfer of his interest in the Group to Ms. Yang and the
rationale for this transfer has already been disclosed in the Prospectus.

1
As of the date of this announcement, the executive Directors are Mr. Yeung Kwok Keung, Mr. Cui Jianbo,
Ms. Yang Huiyan, Mr. Yang Erzhu, Mr. Su Rubo, Mr. Zhang Yaoyuan, Mr. Ou Xueming, Mr. Yang
Zhicheng and Mr. Yang Yongchao. The independent non-executive Directors are Mr. Lai Ming, Joseph,
Mr. Shek Lai Him, Abraham and Mr. Tong Wui Tung, Ronald.
By order of the Board
Country Garden Holdings Company Limited
Yeung Kwok Keung
Chairman

Hong Kong, 10 April 2007

Please also refer to the published version of this announcement in South China Morning Post.