Minmetals Land Limited : MNMETALS LAND 2012 CONTRACTED SALES REACHED RMB 5 BILLION EXCEEDING FULL-YEAR TARGET BY 25%

?For immediate release?

MINMETALS LAND 2012 CONTRACTED SALES REACHED RMB5 BILLION EXCEEDING FULL-YEAR TARGET BY 25%

(Hong Kong - 8 January 2013) - Minmetals Land Limited ("Minmetals Land" or the "Company") (Stock code: 0230) is pleased to announce that, the Company achieved contracted sales of RMB940 million and 85,000 sq.m in December 2012, representing 4% and 46% increase MoM respectively. As at the end of December, the accumulated contracted sales for the year of 2012 reached approximately RMB5 billion and 390,000 sq.m., which increased 37% and 10% YoY respectively, accounting for 125% of the full year target of RMB4 billion. As at the end of 2012, the Company recorded a subscribed but not yet contracted sales of RMB820 million. Due to the change of product mix, the Company achieved an average selling price of RMB12,800 per sq.m in 2012, representing an increase of 25% YoY.

The Company has acquired several pieces of residential land in Hebei Langfang and Guangdong Huizhou last year, with total GFA of approximately 530,000 sq.m. As at the end of 2012, the Company has a land bank in GFA of approximately 4.1 million sq.m, and the net debt ratio maintained at a healthy rate of 32%. Currently, the Company has ten projects under development or available for sale, which are located in seven cities including Huizhou, Changsha, Nanjing, Tianjin, Beijing, Langfang and Yinkou. The Company's contracted sales target for 2013 is RMB5 billion and 400,000 sq.m.

~ End ~

Minmetals Land Limited

8 January 2013 / P. 2

Corporate Information

About Minmetals Land Limited

Minmetals Land Limited is a subsidiary and the Hong Kong-listed real estate flagship company of China Minmetals Corporation. Minmetals Land Limited is principally engaged in real estate development and specialized construction businesses. Currently, its real estate development business covers the Pearl River Delta, Yangtze River Delta, Pan Bohai Rim regions and Central regions while the specialized construction business that based in Shanghai and Hong Kong has coverage in fifteen provinces and cities in the country.

About China Minmetals Corporation

Founded in 1950, China Minmetals Corporation is a large sized globally operated state-owned corporation that principally engaged in ferrous metals, non-ferrous metals, real estate, finance and logistics. China Minmetals Corporation is one of the core state-owned conglomerates under direct supervision of State-owned Assets Supervision and Administration Commission of the State Council ("SASAC"). It is also one of the 21 SOEs authorised by the SASAC to operate real estate development as core businesses. It was ranked no. 169 in the US Fortune Global Top
500 list in 2012. China Minmetals Corporation recorded total revenue of approximately US$56.4 billion (RMB355.2 billion) in 2011. It is the ultimate controlling shareholder, through China Minmetals H.K. (Holdings) Ltd., the intermediate controlling shareholder, which holds approximately 62% of the issued shares of Minmetals Land Limited.

For press enquiries:

Strategic Financial Relations (China) Limited
Ms Winnie Lau Tel: [phone] Email: [e-mail]
Ms Pinky Li Tel: [phone] Email: [e-mail]
Fax: [phone]