Two MacDonnell Road, Hong Kong

Lanson Place Expands the Presence in Shanghai

Envisioning Increased Demand of Premium Serviced Apartment

May 31, 2010, Hong Kong Lanson Place is pleased to announce that a brand new development in Asia, Lanson Place Jin Qiao Residences (“Lanson Place Jin Qiao”) has opened last week in Pudong New District, Shanghai. Following the success of Lanson Place Jinlin Tiandi Residences (in Puxi), Lanson Place Jin Qiao Residences (in Pudong) is the second project in Shanghai. Lanson Place Jin Qiao has 206 one and two-bedroom apartments and this project is jointly developed by Shanghai Chengtou Corporation and Shanghai Urban Construction (Group) Corporation. This project is accredited as one of the Designated Serviced Residences for Shanghai World Expo 2010.

Lanson Place Jin Qiao offers residential comfort and five-star hotel services to expatriate customers who are working away from their home countries. Special attention is paid to enhance the living comfort, hospitality convenience and privacy, hence providing a “Home more than Home” environment to the customers.

Lanson Place Jin Qiao is located in Pudong New District, at the junction of Zhang Yang Road and Zao Zhuang Road. It is adjacent to Pudong’s high tech zones and international community. A new grand shopping mall named Life Hub @ Jin Qiao has just opened next door.

Lanson Place Jin Qiao has a total of 206 one and two-bedroom apartments. One-bedroom apartment is 860 sq ft and two-bedroom apartment is 1,200 sq ft. All the apartments enjoy garden view and have a fully equipped kitchen. Additional guests’ facilities include a resident’s lounge, business center and a 24-hour gym.

Lanson Place Jin Qiao is designed by Hirsch Bedner Associates (HBA). HBA is an international renowned interior design firm in the hospitality industry. Their landmark projects include the Fairmont Peace Hotel renovation in Shanghai, St Regis Shanghai and the Four Seasons Seychelles. Landscape designer is Belt Collins and they have created a remarkable European garden in this project.

“Lanson Place Jin Qiao is the eighth project in the Lanson Place portfolio. We are very proud for Lanson Place to be part of the World Expo 2010 in Shanghai,” said Mrs. Karen Li, Executive Director of Lanson Place and Director of Corporate Development of USI Group, “For future prospects, we have great confidence in the serviced apartments market in China. Lanson Place will continue to expand the presence in primary cities like Shanghai and Beijing and secondary cities like Chengdu, Tianjin.

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Photo Caption: Lanson Place Jin Qiao Residences received accreditation as one of the Designated Serviced Residences for World Expo 2010.

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Photo Caption: Honorable guests participated in the ribbon cutting ceremony.

About Lanson Place

Lanson Place, a wholly-owned subsidiary of USI Holdings Limited (HKEx stock code: 369), is a premium hospitality investment and management brand in Asia, managing five Asian cities such as the award-winning boutique hotel in Hong Kong, service apartments in Shanghai, Beijing, Kuala Lumpur and Singapore. Lanson Place currently has over 1,200 superior service apartments totaling about 1.5 million sq ft.

Lanson Place Milestones

1998- Lanson Place Winsland Residences, Penang Road, Singapore
1998- Lanson Place Kondominium No.8, Kuala Lumpur, Malaysia
1998- Lanson Place Ambassador Row Residences, Kuala Lumpur, Malaysia
2005- Lanson Place Jinlin Tiandi Residences, Luwan District, Shanghai
2006- Lanson Place Hotel, Causeway Bay, Hong Kong
(First Hong Kong hotel awarded “Small Luxury Hotels of the World”)
2008- Lanson Place Central Park Residences, Chaoyang District, Beijing
2010- Lanson Place Jin Qiao Residences, Pudong New District, Shanghai
2011- Lanson Place Bukit Ceylon, Kuala Lumpur, Malaysia – scheduled to open

About USI Holdings Limited (USI)

USI’s businesses span over (i) property development under the Wing Tai Asia brand; (ii) the hospitality investment and management under its Lanson Place brand in Hong Kong, Shanghai, Beijing, Kuala Lumpur and Singapore; and (iii) the property investment arm under its listed subsidiary Winsor Properties (SEHK stock code: 1036). USI has been listed on The Stock Exchange of Hong Kong Limited (HKEx stock code: 369) since 1991.

About Shanghai Chengtou Corporation

Shanghai Chengtou Corporation is engaged in the construction and operation of the city’s infrastructure facilities. It has raised over 200 billion yuan during the last 15 years, invested in and built over 60 significant infrastructure facilities of road and bridge, tunnel, subway, environment, water supply and sewage, gas and housing for resettlement, making great contributions to solving three major problems of “traffic congestion, housing shortage, and environmental pollution” that have been afflicting Shanghai for years.

About Shanghai Urban Construction (Group) Corporation

Shanghai Urban Construction (Group) Corporation is the main force in municipal construction in Shanghai and constructed and partly constructed during the last 12 years for more than 300 key projects in Shanghai including elevated roads, metro and track traffic projects, sewerage treatment projects, trans-river tunnel projects, expressway projects, airports, bridges, the comprehensive reconstruction of the Bund and the People’s Square, etc. In recent years, they have built luxury residential developments such as Rich Garden in Gubei and Jinqiao.