(incorporated in Hong Kong with limited liability)

(Stock Code: 0017)

CLARIFICATION ANNOUNCEMENT

The Board of the Company refers to the Announcement made by the Company relating to the
annual results for the year ended 30 June 2007 and would like to clarify a typographical mistake
on the “Latest time to lodge transfer with Registrar” under the heading of “Book Close Dates”.
The correct date for the latest date to lodge transfer with Registrar should be 19 November
2007 instead of 26 November 2007.

The board of directors (the “Board”) of New World Development Company Limited (the
“Company”) refers to the announcement dated 11 October 2007 made by the Company
(“Announcement”) relating to the annual results for the year ended 30 June 2007 and would like
to clarify a typographical mistake on the “Latest time to lodge transfer with Registrar” under the
heading of “Book Close Dates”. The correct date for the latest date to lodge transfer with
Registrar should be 19 November 2007 instead of 26 November 2007.

By Order of the Board
Leung Chi-Kin, Stewart
Company Secretary

Hong Kong,11 October 2007

As at the date of this announcement, (a) the Executive Directors of the Company are Dato’ Dr.
CHENG Yu-Tung, Dr. CHENG Kar-Shun, Henry, Dr. SIN Wai-Kin, David, Mr. LIANG
Chong-Hou, David , Mr. LEUNG Chi-Kin, Stewart and Mr. CHENG Chi-Kong, Adrian ; (b) the
Non-executive Directors of the Company are Mr. CHENG Yue-Pui, Mr. CHENG Kar-Shing,
Peter, Mr. CHOW Kwai-Cheung, Mr. HO Hau-Hay, Hamilton and Mr. LIANG Cheung-Biu,
Thomas and (c) the Independent Non-executive Directors of the Company are Lord
SANDBERG, Michael, Mr. YEUNG Ping-Leung, Howard, Dr. CHA Mou-Sing, Payson
(alternate director to Dr. CHA Mou-Sing, Payson: Mr. CHA Mou-Zing, Victor) and Mr. LEE
Luen-Wai, John.